Wall Street Raider

"Well, based on prevailing sentiment, the market, the banks and popular culture, yes, it's foolish investment. But, everyone's wrong."

"To begin with, float is money we hold but don't own. In an insurance operation, float arises because premiums are received before losses are paid, an interval that sometimes extends over many years. During that time, the insurer invests the money." — Warren Buffett

"You're thinking of this place all wrong. As if I had the money back in a safe. The money's not here. Your money's in Joe's house...right next to yours. And in the Kennedy house, and Mrs. Macklin's house, and a hundred others. Why, you're lending them the money to build, and then, they're going to pay it back to you as best they can. Now what are you going to do? Foreclose on them?"

"When the rich wage war, it's the poor who die." — Jean-Paul Sartre

"I think it's rat poison." — Charlie Munger on Bitcoin

"I will tell you a secret: Dealmaking beats working. Dealmaking is exciting and fun, and working is grubby. Running anything is primarily an enormous amount of grubby detail work . . . dealmaking is romantic, sexy. That’s why you have deals that make no sense." — Peter Drucker

"How did you go bankrupt?" Bill asked. "Two ways," Mike said. "Gradually, then suddenly." — Ernest Hemingway

"Weighing the evidence objectively, the intelligent investor should conclude that IPO does not stand only for 'initial public offering.' More accurately, it is also shorthand for: It's Probably Overpriced, Imaginary Profits Only, Insiders' Private Opportunity, or Idiotic, Preposterous, and Outrageous." — Benjamin Graham

"The biggest cowards are managers who don't let people know where they stand." — Jack Welch

"Advertising is the 'wonder' in Wonder Bread." — Kurt Vonnegut

"If you're not embarrassed by the first version of your product, you've launched too late." — Reid Hoffman