Abraham Flexner: Borrow Billions

Abraham Flexner Money Quote saying some countries are borrowing for wars but few borrow for educational purposes. Abraham Flexner said:
 
 

 

“Nations have recently been led to borrow billions for war; no nation has ever borrowed largely for education… no nation is rich enough to pay for both war and civilization. We must make our choice; we cannot have both” — Abraham Flexner

William J. H. Boetcker: You Cannot

William J. H. Boetcker Money Quote saying you cannot accomplish anything by focusing on its’ opposite action or quality. William J. H. Boetcker said:
 

 

“You cannot bring prosperity by discouraging thrift. You cannot help small men by tearing down big men. You cannot strengthen the weak by weakening the strong. You cannot lift the wage earner by pulling down the wage payer. You cannot help the poor man by destroying the rich. You cannot keep out of trouble by spending more than your income. You cannot further brotherhood of men by inciting class hatred. You cannot establish security on borrowed money. You cannot build character and courage by taking away man’s initiative and independence. You cannot help men permanently by doing for them what they could and should do for themselves” — William J. H. Boetcker

James Joyce: Borrowed Transaction

James Joyce Money Quote saying in the novel ‘Dubliners’ that a character drank a lot and was always borrowing cash from shady types. James Joyce said:
 

“Of course, he did mix with a rakish set of fellows at that time, drank freely and borrowed money on all sides. In the end he had got mixed up in some shady affair, some money transaction” — James Joyce

James Joyce is describing someone who got into a difficult situation due to irresponsible behavior involving money and associations with untrustworthy people. The quote suggests the person drank heavily and borrowed money frequently from different sources, implying a lack of financial discipline.

Joyce notes this individual became “mixed up in some shady affair, some money transaction”, indicating their reckless actions and questionable dealings eventually entangled them in a problematic circumstance related to money.

The overall interpretation is that Joyce used this passage to portray how overindulgence in alcohol and debt, combined with involvement in dubious financial schemes through disreputable social contacts, can lead one astray into compromised or compromising monetary circumstances.

Birthday February 2, 1882 – Died January 13, 1941
 

Warren Buffett: Trump Terrific at Borrowing

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:
 
 

 

“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

In this quote, Warren Buffett is criticizing Donald Trump’s past business practices related to borrowing money. Buffett says that Trump became too focused on how much money he could borrow from lenders, without properly considering whether he would be able to repay what he owed.

According to Buffett, this over-reliance on borrowed funds, or “leverage,” ultimately led to some of Trump’s business failures. Overall, Buffett is warning about the risks of taking on too much debt without having a clear plan for how to service and repay that debt over time.

William Boetcker on Leveraged Security

William J. H. Boetcker Money Quotation saying Borrowing security is eventually owed to another power. William J. H. Boetcker said:
 

 

“You cannot establish sound security on borrowed money” — William J. H. Boetcker

 
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<a href="https://itsamoneything.com/money/william-boetcker-leveraged-security/"><img loading="lazy" decoding="async" class="featured_image_embed" src="https://itsamoneything.com/money/wp-content/uploads/William-Boetcker-Sound-Security-Borrowed-Money.jpg" alt="You cannot establish sound security on borrowed money Quote" width="630" height="330"/><br>William J. H. Boetcker </a><a class="glossaryLink cmtt_finance" aria-describedby="tt" data-cmtooltip="<div class=glossaryItemTitle>money</div><div class=glossaryItemBody><img width='400' height='226' src='https://itsamoneything.com/money/wp-content/uploads//Money-Glossary.jpg' class='cmtt-tooltip-featured-image wp-post-image' alt='' style='width: 100%; margin-top: 2%;' sizes='(max-width: 9999px) 100%,auto' srcset='https://itsamoneything.com/money/wp-content/uploads/Money-Glossary.jpg 800w, https://itsamoneything.com/money/wp-content/uploads/Money-Glossary-300x170.jpg 300w, https://itsamoneything.com/money/wp-content/uploads/Money-Glossary-768x434.jpg 768w' data-attachment-id='20554' data-permalink='https://itsamoneything.com/money/finance-terms/money/attachment/20554/' data-orig-file='https://itsamoneything.com/money/wp-content/uploads//Money-Glossary.jpg' data-orig-size='800,452' data-comments-opened='1' data-image-meta='{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}' data-image-title='Money Defined' data-image-description='' data-image-caption='' data-medium-file='https://itsamoneything.com/money/wp-content/uploads//Money-Glossary-300x170.jpg' data-large-file='https://itsamoneything.com/money/wp-content/uploads//Money-Glossary.jpg' />1 : something generally accepted as a medium of exchange, a measure of value, or a means of payment: such as a : officially coined or stamped metal currency • newly minted money b : paper money • handed the bank teller a wad of money 2 a : wealth reckoned in terms of money • made her money in the insurance business b : an amount of money c : moneys or monies plural : sums of money : funds the collection of tax monies 3 : a form or denomination of coin or paper money • wanted his money in $10 bills 4 a : persons or interests possessing or controlling great wealth • politicians at the beck and call of money b : a position of wealth • born into money</div>" href="https://itsamoneything.com/money/finance-terms/money/" data-mobile-support="0" data-gt-translate-attributes='[{"attribute":"data-cmtooltip", "format":"html"}]'>Money</a> Quote
 
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