A Quote by Eric Schneiderman
I have three very simple principles. I don't like conflicts of interest; they should be eliminated or disclosed. I believe in transparency, that people have to really not just know but understand what they're buying and selling. And that you have to have enough capital to back up your promises.
Quote Topics
Quote Author
Related Quotes
I don't like conflicts of interest; they should be eliminated or disclosed. I believe in transparency: that people have to really not just know but understand what they're buying and selling.
People nowadays interchange gifts and favors out of friendship, but buying and selling is considered absolutely inconsistent with the mutual benevolence which should prevail between citizens and the sense of community of interest which supports our social system. According to our ideas, buying and selling is essentially anti-social in all its tendencies. It is an education in self-seeking at the expense of others, and no society whose citizens are trained in such a school can possibly rise above a very low grade of civilization
Who would think of buying or selling a private business because of someone's guess on the stock market? The availability of a quotation for your business interest (stock) should always be an asset to be utilized if desired. If it gets silly enough in either direction, you take advantage of it. Its availability should never be turned into a livability whereby its periodic aberrations in turn formulate your judgements.
People tend to think that paying a debt is like going out and buying a car, buying more food or buying more clothes. But it really isn't. When you pay a debt to the bank, the banks use this money to lend out to somebody else or to yourself. The interest charges to carry this debt go up and up as debt grows.
I carefully evaluated every single document I disclosed to ensure that each was legitimately in the public interest. There are all sorts of documents that would have made a big impact that I didn't turn over, because harming people isn't my goal. Transparency is.
In the first place, you shouldn't believe in promises. The world is full of them: the promises of riches, of eternal salvation, of infinite love. Some people think they can promise anything, others accept whatever seems to guarantee better days ahead, as, I suspect is your case. Those who make promises they don't keep end up powerless and frustrated, and exactly the fate awaits those who believe promises.
With a profession such as investing, people see the 'doing' as the buying and selling. It is difficult to come home from work, and answer your spouse's question, 'what did you do today?' with 'well, I read a lot, and I talked a little.' If you're not buying or selling, you may feel you aren't doing anything.
And then, one day, they program a new tune, and it really catches your ear, you know, because you can be doing the washing up or something, you know, in your apartment and suddenly you go, whoa, what are they playing in there? And you run to the wall, but it's finished - but the song's finished. You only heard enough of it just the pique your interest. And you never know when they're going to play it again, of course, like a normal radio station.
We basically followed the idea of buying comapnies selling below working-capital - at two thirds of working-capital.
Buy less. Choose well. Make it last. Quality, not quantity. Everybody’s buying far too many clothesI mean, I know I’m lucky, I can just take things and borrow them and I’m just okay, but I hate having too many clothes. And I think that poor people should be even more careful. It doesn't mean therefore you have to just buy anything cheap. Instead of buying six things, buy one thing that you really like. Don't keep buying just for the sake of it.
The wisest rule in investment is: when others are selling, buy. When others are buying, sell. Usually, of course, we do the opposite. When everyone else is buying, we assume they know something we don't, so we buy. Then people start selling, panic sets in, and we sell too.
Modeling is a very hard job. I know that sounds like a really shallow thing to say, but you have people pulling on your hair all day, telling you what to do, fitting you, telling you to bend over, hitting you, taking your shoes off, throwing you up against a wall - it's a lot. You have to really be able to handle yourself and bring something. It's not just enough to have a cute body and jump up in the air and go, "wow!"
I really can't describe what my stand-up is like - people see it and they say it's like that, or it's like this, and that's really up to them, that's fine, but I don't sit around all day analysing it. I just try and enjoy a show and interest myself because if I don't do that then I won't interest anybody else.
When no one's buying your records, it's easy to justify selling a song. But once you start selling records, you can't really justify having two songs in Cadillac commercials. It looks greedy. And it is greedy. This whole music thing should be about music.
Everyone says buying your first apartment makes you feel like an adult. What no one mentions is that selling it turns you right back into a child.
What we are doing is, rather than living on the interest of our basic biological capital, we're using up our capital, so we're dipping into our capital. We're using up what should be our children's and grandchildren's legacy.
Related Authors
Alexander Hamilton Quotes
American
Politician
Benjamin Franklin Quotes
American
Politician
Bernie Sanders Quotes
American
Politician
David Brooks Quotes
American
Politician
Hillary Clinton Quotes
American
Politician
Jill Stein Quotes
American
Politician
John F. Kerry Quotes
American
Politician
John McCain Quotes
American
Politician
Marco Rubio Quotes
American
Politician
Mitt Romney Quotes
American
Politician
Narendra Modi Quotes
Indian
Politician
Newt Gingrich Quotes
American
Politician
Paul Ryan Quotes
American
Politician
Rand Paul Quotes
American
Politician
Ron Paul Quotes
American
Politician
Ted Cruz Quotes
American
Politician