liability management Quotes

Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.

Rule One. You must know the difference between an asset and a liability, and buy assets. An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.

The most successful politicians are the ones who embrace their best traits while turning their liabilities into loveable attributes. And yet, many a candidate tries to run as something they aren't simply because the strategy dictates it.

Rule One. You must know the difference between an asset and a liability, and buy assets. If you want to be rich, this is all you need to know. It is Rule No. 1. It is the only rule. This may sound absurdly simple, but most people have no idea how profound this rule is. Most people struggle financially because they do not know the difference between an asset and a liability.

The liabilities are always 100 percent good. It's the assets you have to worry about.

It's our contention that equity may be in the money, depending on where the liabilities lie.

The sound rule in busi­ness is that you may give money freely when you have a sur­plus, but your name never-nei­ther as en­dorser nor as mem­ber of a cor­po­ra­tion with in­di­vid­ual li­a­bil­ity

Liabilities are just assets in hiding.

We know through the process of energy independence, our whole geopolitical footprint changes in terms of our national security and how we operate the American military. In addition to that we've got all these forward liabilities on these entitlement programs that, with the right tax and the energy policy, we can pay down and offset some of those liabilities.

I've always focused on technology and growth and don't have the core competency to do liability management - I'm a mechanical engineer.

If I sold all my liabilities, I wouldn't own anything. My wife's a liability, my kids are liabilities, and I haven't sold them.