Dada Vaswani: Enthusiasm Assets

Dada Vaswani Money Quote saying money, power and influence are not as great an asset as straight enthusiasm. Dada Vaswani said:
 

 

“Enthusiasm is the greatest asset you can possess, for it can take you further than money, power or influence” — Dada Vaswani

In this quote, Indian spiritual leader Dada Vaswani is emphasizing the transformative power of passion and excitement for one’s work or cause. He suggests that having strong enthusiasm can help a person achieve more than what could be gained solely through financial resources, social status or connections.

Vaswani implies that enthusiasm acts as a motivational fuel enabling people to overcome obstacles and make significant impacts through perseverance and creativity.

Overall, the quote conveys that approaching life and one’s purpose with great zeal and excitement is a form of wealth in itself, which can in many cases surpass what money, authority or fame alone afford.

Birthday: August 2, 1918 – Death: July 12, 2018

Barry Ritholtz: Asset Commodities

Barry Ritholtz Money Quote saying that it’s safer to be broadly invested in variety of categories as well as in commodities. Barry Ritholtz said:
 

 

“Owning a variety of asset classes means that some part of your portfolio will be doing well when the cyclical turmoil arises. A broadly diversified portfolio includes large-capitalization stocks, small-cap, emerging markets, fixed income, real estate, and commodities” — Barry Ritholtz

In this quote, Barry Ritholtz seems to be emphasizing the benefits of diversifying one’s investment portfolio across different asset classes. By stating that owning “a variety of asset classes” ensures “some part of your portfolio will be doing well when the cyclical turmoil arises”, Ritholtz implies that diversification provides a buffer against downturns by allowing other segments to potentially offset losses.

His additional mention of including stocks, bonds, real estate, commodities and more conveys Ritholtz’s perspective that prudent diversification involves exposure to multiple uncorrelated markets. Overall, the quote portrays Ritholtz’s view that broad diversification minimizes risk and smooths returns by ensuring different sectors rise and fall independently, so declines in some areas can be balanced by gains in others during periods of volatility.

Bill Browder: Putin Interest in Magnitsky Act

Bill Browder Money Quote saying in testimony before Congress in July of 2017, explaining why Putin wants the Magnitsky Act repealed – because it threatens his own money held in U.S. Banks. Bill Browder said:
 

 

“Putin … is one of the richest men in the world. I estimate that he has accumulated $200 billion of ill-gotten gains … over his 17 years in power. He keeps his money in the West and all of his money in the West is potentially exposed to asset freezes and confiscation. Therefore, he has a significant and very personal interest in finding a way to get rid of the Magnitsky sanctions” — Bill Browder

This quote from Vladimir Putin suggests he sees emotional connections and relationships with others as a form of wealth or asset more valuable than mere material possessions. On a deeper level, Putin may be conveying that what truly enriches his life is not any amount of money or tangible resources, but rather the feelings and bonds he shares with family, friends, and supporters.

While it’s unclear exactly when he said this, the tone seems to contrast with Putin’s reputation as an authoritarian leader concerned with geopolitical power. The quote highlights how even strong political figures may prioritize non-financial sources of meaning, like human emotion and connection, over status symbols of wealth.

Janet Yellen on Housing Wealth Lost

Janet Yellen Money Quotation saying real estate prices for homes have not recovered fully, a loss in American assets for the middle class. Janet Yellen said:
 

 

“Widening inequality resumed in the recovery, as the stock market rebounded, wage growth and the healing of the labor market have been slow, and the increase in home prices has not fully restored the housing wealth lost by the large majority of households for which it is their primary asset” — Janet Yellen

In this quote, Janet Yellen is describing some of the economic inequalities that emerged during the economic recovery following the financial crisis and recession. She notes that as the stock market rebounded, wage growth and improvements in the labor market were slow.

Most households also did not fully regain the housing wealth they had lost, as home price increases did not make up all the value lost. So while some measures of the economy like stock prices improved, the recovery did not equally benefit many workers and households.

Yellen seems to be pointing out that these uneven effects of the recovery contributed to a “widening inequality” where the benefits were not shared proportionally across socioeconomic classes. She is highlighting growing economic disparities as part of the aftermath of the crisis and recession.

Jim Rohn on Growth of Sales, Profit, Assets

Jim Rohn Money Quotation saying becoming a better person makes it possible to reach business goals and enjoy them. Jim Rohn said:
 

 

“We can talk about sales growth, profit growth, asset growth, but all of this probably will not happen without personal growth” — Jim Rohn

In this quote, Jim Rohn is emphasizing the importance of personal growth for achieving broader organizational success. He notes that metrics like sales growth, profit growth, and asset growth are ultimately tied to the growth and development of the individuals within an organization. For a business or other entity to thrive, the people involved must continuously work on improving their skills, knowledge, abilities, mindsets and character.

When each member of a group prioritizes self-improvement and learning, it creates a culture where the whole can expand and advance to a greater extent than might otherwise be possible through external factors alone. So Rohn is stressing that personal evolution should take priority if one hopes to see measurable business expansion and achievement of goals over time.