Posts Tagged ‘assets’

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Michael Cohen: Inflated Assets

Posted by admin on Wednesday, February 27, 2019

Michael Cohen Money Quote saying during his congressional testimony on February 27 that President Trump claimed greater wealth when it suited his purpose and lesser wealth when it saved him on taxes. Michael Cohen said:
 
Mr. Trump inflated his total assets when it served his purposes, such as trying to be listed among the wealthiest people in Forbes, and deflated his assets to reduce his real estate taxes Quote
 

“Mr. Trump inflated his total assets when it served his purposes, such as trying to be listed among the wealthiest people in Forbes, and deflated his assets to reduce his real estate taxes” — Michael Cohen

 

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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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Miya Yamanouchi: Financial Assets Flashing

Posted by admin on Saturday, May 26, 2018

Miya Yamanouchi Money Quote saying men strutting their finances and possessions should not impress a woman on her own path to wealth. Miya Yamanouchi said:
 
Guys show off to a girl by boasting of their financial assets and flashing cash - show me integrity not money Quote
 

“So many guys try to show off to a girl by boasting of their financial assets and flashing their cash around etc, but a girl who makes her own money and is building her own empire is not impressed by such things. – Show me the integrity not the money” — Miya Yamanouchi

 

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Toni Fan: Data Deposit & Transfer

Posted by admin on Friday, September 8, 2017

Toni Fan Money Quote saying it’s routine to move money from one bank to another, but we cannot so easily move our data. Toni Fan said:
 
It’s easy enough to deposit assets, in the form of money, in one bank and withdraw it from another. But it’s far more difficult, if not downright impossible, to transfer personal data Quote
 

“It’s easy enough to deposit assets, in the form of money, in one bank and withdraw it from another. But it’s far more difficult, if not downright impossible, to transfer personal data” — Toni Fan

 

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Sheri Dillon: Government Diversified Portfolio

Posted by admin on Wednesday, January 11, 2017

Sheri Dillon Money Quote saying as Trump conflict of interest attorney that he’ll hold a diversified portfolio that meets guidelines from the Office of Government Ethics. Sheri Dillon said:
 
hold liquid assets: cash, cash equivalents, and treasuries and perhaps some positions in a government approved diversified portfolio, one that is consistent with the regulations from the Office of Government Ethics Quote
 

“The President-elect has also already disposed of all of his investments in publicly traded or easily liquidated investments. As a result, the trust will have two types of assets. First, it will hold liquid assets: cash, cash equivalents, and treasuries and perhaps some positions in a government approved diversified portfolio, one that is consistent with the regulations from the Office of Government Ethics” — Sheri Dillon

 

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Warren Buffett: Wells Fargo Customer Base

Posted by admin on Friday, September 30, 2016

Warren Buffett Money Quote saying the Wells Fargo customer base was growing steadily – however growth was due to fraud – making it much harder for Wells Fargo to make money on new customer growth. Warren Buffett said:
 
What you make money off of is customers. And you make money on customers by having a helluva spread on assets and not doing anything really dumb. And that's what they do Quote
 

“Wells Fargo … you can’t take away Wells’ customer base. It grows quarter by quarter. And what you make money off of is customers. And you make money on customers by having a helluva spread on assets and not doing anything really dumb. And that’s what they do” — Warren Buffett

 

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C.K. Wilde: Art World a Last Great Cartel

Posted by admin on Friday, September 23, 2016

C.K. Wilde Money Quote saying artists work speaks to injustice and inequality are supported by wealthy art collectors that may be avoiding taxes and seeking to be influential. C.K. Wilde said:
 
I am involved in one of the last great cartels, the art world. A place for the wealthy to “hide” their assets, to dodge taxes, and to celebrate their influence Quote
 

“I am involved in one of the last great cartels, the art world. A place for the wealthy to “hide” their assets, to dodge taxes, and to celebrate their influence” — C.K. Wilde

 

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Janet Yellen: Wealthiest 5% Hold 2/3 Assets

Posted by admin on Wednesday, October 22, 2014

Janet Yellen Financial Assets GraphJanet Yellen Money Quotation saying the richest five percent hold two thirds of financial assets in the United States. Janet Yellen said:Janet Yellen said:
 
Janet Yellen [A] major source of wealth for many families is financial assets, including stocks, bonds, mutual funds, and private pensions. ...the wealthiest 5 percent of households held nearly two-thirds of all such assets quote
 

“[A] major source of wealth for many families is financial assets, including stocks, bonds, mutual funds, and private pensions. …the wealthiest 5 percent of households held nearly two-thirds of all such assets in 2013” — Janet Yellen

 

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