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:
 
 

 

“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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Ernest Hemingway: Live on Borrowed Money

Posted by admin on Thursday, September 15, 2016

Ernest Hemingway Money Quote saying indefinitely living on debt and using credit endlessly is not possible, but many do it quite well for short periods. Ernest Hemingway said:
 

 

“It is usually impossible for a large body of people to support themselves indefinitely by borrowing money, although a few people enjoy a great success at it for a time” — Ernest Hemingway

 
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Hemingway Birthday July 21,1899
 
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William Shakespeare: Loans Hurt Friendship

Posted by admin on Sunday, March 8, 2015

William Shakespeare Money Quotation saying in Hamlet that losses on loans come to both parties when they start as friends. William Shakespeare said:
 

 

Neither a borrower nor a lender be; For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry
– William Shakespeare

 
Born April 23, 1564 – Died April 23, 1616
 
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#TalkLikeShakespeareDay April 23

Al Gore on Borrowing Money to Burn

Posted by admin on Sunday, March 16, 2014

Al Gore Money Quotation saying trade deficits finance energy consumption that leads to global warming and climate change. Al Gore said:

We’re borrowing money from China to buy oil from the Persian Gulf to burn it in ways that destroy the future of human civilization
— Al Gore

Shakespeare on Borrowing to Pay Debt

Posted by admin on Saturday, June 8, 2013

William Shakespeare Money Quotation saying in this Henry IV (pt 2) line from Falstaff emphasizing the futility of endlessly borrowing to resolve debt. Falstaff said:
 

 

“I can get no remedy against this consumption of the purse: borrowing only lingers and lingers it out, but the disease is incurable” — William Shakespeare

 
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#TalkLikeShakespeareDay April 22

Abraham Lincoln: Constitution on Government Borrowing

Posted by admin on Wednesday, June 22, 2011

Abraham Lincoln Money Quotation saying Abe was opposed to federal government borrowing and wanted to amend the consitution to stop the practice, but failed. Abraham Lincoln said:

I wish it were possible to obtain a single amendment to our constitution taking from the federal government their power of borrowing
— Abraham Lincoln