Financial Instrument Quotes

Gold is money. Everything else is credit.

Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it.

Of all the instrumentalities which have been conceived by the mind of man for transferring the bread which one man earns to another man who does not earn it, I believe the gold standard is the greatest.

Money is the kind of instrument which is very speedily produced.

It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments.

Money is the general medium of exchange. It is the thing for which all other goods are traded, the means of final payment for such goods on the market.

You can build a statistical model and that's all well and good, but if you're dealing with a new type of financial instrument, for example, or a new type of situation - then the choices you're making are pretty arbitrary in a lot of respects.

I would argue that no financial instrument counted as regulatory capital should be allowed to receive any protection from losses.

Peter Minuet, who said to the Indians in modern-day Manhattan, Will you accept a check from a Puerto Rican bank? Never got a dinner!

Money's an instrument. The Bible says money answereth all things.

A national debt, properly funded and serviced, can be a potent instrument of national policy.

A futures contract is a derivative, but the futures exchange doesn't call them 'derivatives,' they call them 'futures.'

Credit default swap is basically just an agreement that I have with you, where I sell you insurance on some bond you own. If the bond goes belly up, I promise to pay you. And as long as the bond doesn't go belly up, you pay me for selling you insurance.

Impact investing can be a powerful instrument of change.

Oil futures were originally created to give heating oil dealers, gas retailers, aviation companies and other businesses a method of hedging against adverse price changes. Instead, they've become just another Wall Street plaything.

Venture capital is debt. People don't understand that.

Louis Kelso's formula sounds like Lydia Pinkham's Vegetable Compound. The whole theory sounds crazy. But, then, one may recall, they said all that of Copernicus too.

We use convertible notes a lot at our fund - 8VC - so often that we just call them 'notes' to save time.

First I opened a check account. I looked at the - I looked that there was nothing of yield. So I bought some bonds. It was a bond. When I bought this bond, it was duplicated in 10 years. I think it was 10 percent.

A credit default swap was confusing mainly because it wasn't really a swap at all. It was an insurance policy, typically on a corporate bond, with semiannual premium payments and a fixed term.

Checks aren't money.

We do not have to borrow in the external market, but we have used and are using this traditional instrument in international financial relations.