A Quote by Sallie Krawcheck
Albert Einstein is reported to have said compounding is the eighth wonder of the world. Obviously, a dollar invested in your 20s is worth so much more than a dollar invested in your 60s.
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The value of a dollar is to buy just things; a dollar goes on increasing in value with all the genius and all the virtue of the world. A dollar in a university is worth more than a dollar in a jail; in a temperate, schooled, law-abiding community than in some sink of crime, where dice, knives, and arsenic are in constant play.
The sacrifices you make in your 20s pay off 30 and 40 years later. The same is true when it comes to financial progress. Every dime saved in your 20s turns into a dollar in your 60s.
A charity dollar has only one life; a Social Business dollar can be invested over and over again.
In tough economic times, we have to make every dollar count, and studies have shown a return of up to $17 for every dollar invested in early childhood.
We know that from the GI Bill after the Second World War, where Congress found that for every dollar we put in as taxpayers into free higher education for returning GIs, we got back $7 for every dollar invested. An enormous return on our money in public benefits and improved revenue.
A dollar is not worth as much as you think it is. Your honesty is worth much more.
Donald Trump disproved the notion that there is a direct dollar-for-dollar correlation between how much money you had in your traditional war chest and what your election outcome was going to be.
'As a fraction of your tax dollar today, what is the total cost of all spaceborne telescopes, planetary probes, the rovers on Mars, the International Space Station, the space shuttle, telescopes yet to orbit, and missions yet to fly?' Answer: one-half of one percent of each tax dollar. Half a penny. I'd prefer it were more: perhaps two cents on the dollar. Even during the storied Apollo era, peak NASA spending amounted to little more than four cents on the tax dollar.
Ask a man how much a dollar is worth, and he'll tell you, 'Almost nothing.' Try to take a dollar away from him, and you'll get yourself a fight.
As Albert Einstein once said to me: "Two things are infinite: the universe and human stupidity." But what is much more widespread than the actual stupidity is the playing stupid, turning off your ear, not listening, not seeing.
Albert Einstein once reported, "Great spirits have always encountered voilent opposition from mediocre minds." If you want to achieve your own greatness, to climb your own mountains, you'll have to use yourself as your first and last consultant.
At the end of the day, I think the most conservative principle there is, is giving people a dollar worth of value for a dollar worth of tax paid.
And just remember, every dollar we spend on outsourcing is spent on U.S. goods or invested back in the U.S. market. That's accounting.
The magic of compounding interest is truly the eighth wonder of the world!
Good advertising can make people buy your product even if it sucks ... A dollar spent on brainwashing is more cost-effective than a dollar spent on product improvement.
I mean, you can explain the fact that these are depressed prices, you know. We think these assets are going to be worth a lot more. And I think that case can be made in certain situations. But I think to just say, you know, we're going to say a dollar of cash is worth $2 all of a sudden, it isn't worth $2. It's worth a dollar today.
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