Andy Rooney: Invest? What Do They Make?
on Tuesday, February 3, 2015
Andy Rooney Money Quotation saying Stock market investments are opaque to average American investors, who don’t know what the companies in their portfolios do to earn returns. Andy Rooney said:
“I have stock in two companies that I’ve never even heard of. I don’t even know what they make, probably all they make is money” — Andy Rooney
Andy Rooney seems to be making a self-deprecating joke about passive investing. Specifically, he acknowledges owning stock in two companies that he is completely unfamiliar with, not even knowing “what they make.”
By suggesting they “probably all they make is money,” Rooney humorously implies their sole purpose from his perspective as a shareholder is financial gain rather than any tangible product.
Overall, the quote portrays Rooney as somewhat removed from the specifics of his investment portfolio, comically highlighting how passive stock holdings can generate returns without necessarily understanding the businesses involved. His tone suggests he saw the humorous side of financially benefiting from companies he knows little about.
Birthday: January 14, 1919 – Death: November 4, 2011