Archive for the ‘debt’ Category
Next Page »Warren Buffett: Trump Failed Leverage
on Monday, July 2, 2018Warren 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:
“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
on Sunday, July 1, 2018Warren 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:
“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
on Monday, June 18, 2018Rutherford 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” — Rutherford B. Hayes
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Proverbs: Borrower Servant to Lender
on Sunday, June 17, 2018Proverbs 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” — Proverbs 22:7
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Ambrose Bierce: Debtors Forgetfulness Gift
on Saturday, June 16, 2018Ambrose 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” — Ambrose Bierce
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Edward G. Bulwer-Lytton: Debt as Furies
on Friday, June 15, 2018Edward 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:
“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
on Thursday, June 14, 2018Thomas Carlyle Money Quote saying either increase income or reduce outgo to meet debt payments. Thomas Carlyle said:
“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
on Wednesday, June 13, 2018George 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:
“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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