Posts Tagged ‘bond’

Mark Cuban: Liquidity Net Worth

Posted by admin on Friday, August 27, 2021

Mark Cuban Money Quote saying Liquid assets make a fair measure of net worth because numbers don’t lie. Mark Cuban said:
 
Liquidity is a good proxy for relative net worth. You can’t lie about cash, stocks, and bond values Quote
 

“Liquidity is a good proxy for relative net worth. You can’t lie about cash, stocks, and bond values” — Mark Cuban

 

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In this quote, Mark Cuban seems to be making the point that an individual’s liquid net worth provides a fairly accurate assessment of their overall wealth and financial standing. Specifically:

  • Cuban states that “liquidity” – referring to readily available cash plus the market values of publicly traded stocks and bonds owned – “is a good proxy for relative net worth.”
  • He implies that by looking at what assets can easily be converted into cash short-term (liquidity), it gives a clear picture of one’s net worth relative to others.
  • Cuban notes you “can’t lie” about the dollar amounts of cash, stocks and bonds someone has access to, since they represent set, quantifiable values.

The best interpretation is that Cuban believes an analysis of liquid holdings provides transparency and a reliable gauge of true net worth, since it includes hard numbers for cash and securities that cannot be obscured, unlike privately held assets that are harder to precisely value. His quote conveys Cuban’s perspective that liquidity assessments offer clarity and accuracy around wealth comparisons according to how he frames their quality as a proxy for full net worth calculations.

Karl Marx: Money Binding to Life

Posted by admin on Friday, December 16, 2016

Karl Marx Money Quote saying money connects us to society and our natural surroundings doesn’t it bind us? Karl Marx said:
 
If money is the bond binding me to human life, binding society to me, connecting me with nature and man, is not money the bond of all bonds? Quote
 

“If money is the bond binding me to human life, binding society to me, connecting me with nature and man, is not money the bond of all bonds?” — Karl Marx

 

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In this quote, Karl Marx is characterizing the central role of money within capitalist societies according to his critical perspective. He argues that money acts as a “bond” that connects individuals to human life, society, nature, and each other.

By enabling the purchase of necessities and participation in economic activity, Marx views money as essentially binding people into the system in an all-encompassing way.

The rhetorical question at the end suggests that if money is what allows these vital connections and links people to their means of survival, then doesn’t that make money “the bond of all bonds” and the ultimate power holding everything together within this model?

Overall, Marx is critiquing the primacy and power afforded to money as the primary social relationship under capitalism, according to his analysis.

Thomas Edison: Bonds vs. Bills

Posted by admin on Thursday, June 30, 2011

Thomas A. Edison Money Quotation saying government created debt instruments are the same whether that debt is for lenders and investors or for the public sector. Thomas A. Edison said:
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If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also Quote
 

“If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also” — Thomas A. Edison

 

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Thomas A. Edison is making the point that if the government can issue bonds (a form of debt) that are backed by and redeemable for dollars, then it should also be able to issue dollar bills directly without having to take on interest-bearing debt.

His view is that the full faith and credit of the nation that gives value to government-issued bonds is the same element that can give value to bills issued by the Treasury.

Edison seems to be arguing that the government’s power to tax citizens and demand payment of taxes in dollars provides sufficient backing for dollars issued by the government without relying on interest-paying bonds. He implies this could reduce the national debt burden.

Birthday: February 11, 1847 – Death: October 18, 1931

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