A Quote by Joseph Stiglitz

No one would look just at a firm's revenues to assess how well it was doing. Far more relevant is the balance sheet, which shows assets and liability. That is also true for a country.

Joseph Stiglitz

Quote Topics

Also Assess Assets Balance Country Doing Far Firm How Just Liability Look More Relevant Sheet Shows True Well Which Would

Quote Author

Joseph Stiglitz
American - Economist
Born: February 9, 1943

You know, a balance-sheet is like a bikini, it shows more but it hides what is vital. I learnt to read a balance sheet and then I got fascinated by stocks.

Rakesh Jhunjhunwala

To minimize market uncertainty and achieve the maximum effect of its policies, the Federal Reserve is committed to providing the public as much information as possible about the uses of its balance sheet, plans regarding future uses of its balance sheet, and the criteria on which the relevant decisions are based.

Ben Bernanke

If you look at the balance sheet, the US is heavily in debt. If you look at the income account - the amount of interest the US pays abroad - it is almost exactly equal to the amount of interest that it receives from abroad. American assets held abroad are earning a higher rate of return than foreign assets held here.

Milton Friedman

When Gordon Brown becomes prime minister, the balance sheet that reflects his economic stewardship could look very sickly indeed. He could become Labour's biggest liability, not its most marketable asset.

Vince Cable

I tell you this: You are your own rule-maker. You set the guidelines. And you decide how well you have done; how well you are doing. For you are the one who has decided Who and What You Really Are-and Who You Want to Be. And you are the only one who can assess how well you're doing.

Neale Donald Walsch

Most people think of the economy as producing goods and services and paying labor to buy what it produces. But a growing part of the economy in every country has been the Finance, Insurance and Real Estate (FIRE) sector, which comprises the rent and interest paid to the economy's balance sheet of assets by debtors and rent payers.

Michael Hudson

In the biggest companies, seek out the most useless positions: those in consultancy, appraisal, research, and study. The more useless your position, the less possible it will be to assess your 'contribution to the firm's assets.

Corinne Maier

Taxpayers should demand that their states honestly assess public pension plans, accurately measure the assets and liabilities, and take steps to provide fair benefits to public employees that limit taxpayers' liability.

Elaine Chao

The activists play the balance sheet by selling a division to buy back stock and leveraging the balance sheet and buying back more stock.

Nelson Peltz

I was always taught that book keeping was more relevant than book reading. The only thing worth reading was meant to be a balance sheet.

Ashwin Sanghi

In business a reputation for keeping absolutely to the letter and spirit of an agreement, even when it is unfavorable, is the most precious of assets, although it is not entered in the balance sheet.

Oliver Lyttelton, 1st Viscount Chandos

In both the U.S. and Europe, the budget and balance sheet numbers do not work. When 'off-balance sheet' promises are taken into account, the U.S. and most countries of the Euro zone are insolvent.

Paul Singer

A company is an organic, living, breathing thing, not just an income sheet and balance sheet. You have to lead it with that in mind.

Carly Fiorina

Some companies use off-balance-sheet partnerships to raise money or to buy assets without ever telling their shareholders in their financial statements.

Alex Berenson

It's not just that there is a cooperative spirit of investigation there, where we all recognise that we are engaged in a common project of inquiry. It's also that the philosophers are well-versed in the relevant empirical data, and the scientists are well-versed in the more abstract issues which are typically the central focus of philosophical work.