Archive for the ‘debt’ Category

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Warren Buffett: Trump Failed Leverage

Posted by admin on Monday, July 2, 2018

Warren Buffett Money Quote saying that he’s seen failure due to drinking or debt and that Donald Trump took on too much debt without the ability to repay his obligations. Warren Buffett said:
 
Trump Failed because of Leverage Borrowed not enough thought of how he could pay back Quote
 

“I’ve seen more people fail because of liquor and leverage – leverage being borrowed money. Donald Trump failed because of leverage. He simply got infatuated with how much money he could borrow, and he did not give enough thought to how much money he could pay back.” — Warren Buffett

 
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Warren Buffett: Trump Terrific at Borrowing

Posted by admin on Sunday, July 1, 2018

Warren Buffett Money Quote saying Donald Trump is more interested in ostentatious display than equity and fairness in real estate and got overextended. Warren Buffett said:
 
 
Trump Overpaid for Properties, got people to lend money, never any real Equity  Quote
 

“Where did Donald Trump go wrong? The big problem with Donald Trump was he never went right. He basically overpaid for properties, but he got people to lend him the money. He was terrific at borrowing money. If you look at his assets, and what he paid for them, and what he borrowed to get them, there was never any real equity there” — Warren Buffett

 
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Rutherford B. Hayes: Debtor Hard Times

Posted by admin on Monday, June 18, 2018

Rutherford B. Hayes Money Quote saying It is he who owes a debt that sees ruin when times are tough. Rutherford B. Hayes said:
 
It is the debtor that is ruined by hard times Quote
 

“It is the debtor that is ruined by hard times” — Rutherford B. Hayes

 
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19th US President 3/4/1877 – 3/4/1881 – Republican former Governor of Ohio. Birthday October 4, 1822
 
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Proverbs: Borrower Servant to Lender

Posted by admin on Sunday, June 17, 2018

Proverbs 22:7 Bible Money Quote saying whoever owes another money debt is a servant to the creditor. Proverbs 22:7 says:
 
The borrower is servant to the lender Quote
 

“The borrower is servant to the lender” — Proverbs 22:7

 
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Ambrose Bierce: Debtors Forgetfulness Gift

Posted by admin on Saturday, June 16, 2018

Ambrose Bierce Money Quote saying the ability to forget payment of debts is a gift from the creator to compensate them for lack of conscience. Ambrose Bierce said:
 
Forgetfulness. A gift of God bestowed upon debtors in compensation for their destitution of conscience Quote
 

“Forgetfulness. A gift of God bestowed upon debtors in compensation for their destitution of conscience” — Ambrose Bierce

 
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Edward G. Bulwer-Lytton: Debt as Furies

Posted by admin on Friday, June 15, 2018

Edward G. Bulwer-Lytton Money Quote saying kids are at-risk unless they come to understand the great danger in accruing debt. Edward G. Bulwer-Lytton said:
 
Youth is in danger until it learns to look upon debts as furies Quote
 

“Edward G. Bulwer-Lytton” — Youth is in danger until it learns to look upon debts as furies

 
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Thomas Carlyle: Paying Debt, Income, Thrift

Posted by admin on Thursday, June 14, 2018

Thomas Carlyle Money Quote saying either increase income or reduce outgo to meet debt payments. Thomas Carlyle said:
 
Paying debt: increase income, increase thrift Quote
 

“There are but two ways of paying debt: Increase of industry in raising income, increase of thrift in laying out” — Thomas Carlyle

 
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George Dennison Prentice: Ingenuity Debt

Posted by admin on Wednesday, June 13, 2018

George Dennison Prentice Money Quote saying we can be ingenious getting into debt, but must be just as clever to escape it. George Dennison Prentice said:
 
Ingenious getting into debt and just as clever to escape it Quote
 

“Some people use one half their ingenuity to get into debt, and the other half to avoid paying it” — George Dennison Prentice

 
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