Rene Rivkin: Buy Whole Company

Meaning of Rene Rivkin Money Quote: saying investing in a company you would want to own is a strategy. Rene Rivkin said:
 

 

“When buying shares, ask yourself, would you buy the whole company?” — Rene Rivkin

In this quote, Rene Rivkin seems to be advising individuals to carefully consider whether they truly believe in a company’s long-term prospects and value before investing in its stock. Some key points:

• He asks investors to put themselves in the hypothetical scenario of purchasing an entire business, not just a small stake in it represented by shares.
• This encourages examining the company’s fundamentals, industry positioning, management team and overall potential from the perspective of owning 100% of it.
• Rivkin implies that if one would not want to outright acquire the whole company based on careful research and conviction in its future, the stock may not be the best investment choice either.

Overall, the quote conveys Rivkin’s perspective that individuals should only invest in equities if they have sufficient knowledge about and long-term confidence in the underlying businesses to a degree that they would theoretically be willing to wholly purchase the company itself. This prompts thorough due diligence before partial ownership through stock.

Birthday: June 6, 1944 – Death: May 1, 2005

J. Paul Getty: Everyone Selling

Meaning of J. Paul Getty Money Quote: saying being a contrarian makes a successful investor – don’t follow the money crowd. J. Paul Getty said:
 

 

“Buy when everyone else is selling and hold until everyone else is buying. That’s not just a catchy slogan. It’s the very essence of successful investing” — J. Paul Getty

In this quote, J. Paul Getty seems to be conveying fundamental principles of value investing. Some key points:

• Getty advises buying assets when “everyone else is selling” – implying that is when prices are lowest due to widespread pessimism in the market.
• He suggests holding those investments until “everyone else is buying” again – indicating riding the assets until typical optimism and high prices return as sentiment improves.
• Getty states this approach of contrarian buying low and selling high is not just a catchphrase but rather “the very essence of successful investing” long-term.
• The quote captures the idea of buying assets that are temporarily undervalued due to crowd psychology or short-term thinking, and having the discipline to wait patiently until their intrinsic worth is once again recognized more broadly.

Overall, Getty appears to be promoting a strategy of buying sound investments when fear is high but fundamentals remain intact, and holding through volatility until optimism returns – an approach that seeks to profit from other investors’ short-term emotional decisions rather than trying to outguess short-term market swings through timing. It emphasizes the importance of a long-term, value-oriented mindset.

Birthday: December 15, 1892 – Death: June 6, 1976

Zig Ziglar: Buy Money Belt

Meaning of Zig Ziglar Money Quote: saying even when down to the last two dollars, a money belt is a good investment. Zig Ziglar said:
 

 

“Most people consider me an optimist because I laughingly state that I would take my last two dollars and buy a money belt” — Zig Ziglar

In this quote, Zig Ziglar seems to be conveying his optimistic mindset around money and resourcefulness even in the face of lack or scarcity. Some key points:

• He acknowledges that with only his “last two dollars”, most would see that as a desperate situation requiring frugality.
• However, Ziglar humorously says that even then, he would use that small sum to purchase a “money belt” rather than just basic necessities.
• This suggests he maintains a spirit of entrepreneurship, finding opportunity even with little, and a belief that what one carries can be turned into more through initiative, salesmanship and hustle.
• Ziglar’s quote portrays him as someone who sees glass half full rather than empty, retaining hopefulness and a solution-oriented mindset regardless of outward conditions through a determined, optimistic lens.

Overall, Ziglar appears to be conveying his philosophy of maintaining a positive attitude and belief in one’s ability to turn meager resources into greater returns through applied effort, vision and grit rather than focusing on limitations. His humor also suggests this outlook brings him joy and energy even in the face of lack according to this perspective.

Birthday: November 6, 1926 – Death: November 28, 2012

Dee Hock: Atmosphere Ownership

Meaning of Dee Hock Money Quote: saying breathing is free for now, but may be controlled by corporate owners soon. Dee Hock said:
 

“With every inhalation, I take. With every exhalation, I give. How grand it is not to buy, sell, hold, or hoard breath. Would that it were so with money. Enjoy breathing while you can, for unless something changes, it won’t be long until government awards ownership of the atmosphere to some commercial corporation to price and meter out as they please” — Dee Hock

In this quote, Dee Hock is drawing a comparison between breathing and money. He notes that with breathing, people simply inhale and exhale without needing to buy, sell, hold or hoard their breath. Hock expresses a wish that money could function in the same free and open manner.

However, he warns that unless things change, it’s possible governments may one day “award ownership” of shared resources like the atmosphere to commercial corporations. This would allow those entities to price and meter out access to something universal like air as they see fit, similar to how the financial system works.

Overall, Hock seems to be criticizing how money is treated as a commodity under the control of corporations and subject to market forces, rather than something freely available to all for basic survival. He laments that money does not share the open and equitable nature of breathing. So the quote reflects on the differences between essential natural resources and the financial system.

Birthday: March 21, 1929 – Death: July 16, 2022

Ronald Reagan: Buy Happiness

Ronald Reagan Money Quote saying we know cash can’t buy your way to being happy but instead happy memories. Ronald Reagan said:
 

 

“Money can’t buy happiness, but it will certainly get you a better class of memories” — Ronald Reagan

In this quote, Ronald Reagan acknowledges that while financial wealth alone does not guarantee happiness, it does allow one to have “a better class of memories” through the experiences and opportunities that money can provide.

The best interpretation is that Reagan recognizes money cannot replace deeper sources of fulfillment, but it does enhance quality of life materially by funding life experiences, travel, education and other memorable pursuits that contribute to a sense of well-lived life even if not directly causing happiness.

Overall, the quote suggests that wealth may not change one’s emotional state but can create richer recollections and open doors to make the most of one’s time through experiences beyond what would be possible without financial means.

Birthday: February 6, 1911 – Death: June 5, 2004

Billy Joel: Enough Pay Rent

Billy Joel Money Quote saying that making enough money to pay expenses by playing music at clubs freaked him out. Billy Joel said:
 

 

“When I was 19, I made my first good week’s pay as a club musician. It was enough money for me to quit my job at the factory and still pay the rent and buy some food. I freaked” — Billy Joel

In this quote, Billy Joel seems to be recalling the excitement and sense of liberation he felt when he first earned enough money through playing music to fully support himself financially. Some key points:

• He mentions making his “first good week’s pay as a club musician” when he was 19 years old.
• Joel states this amount of money was sufficient for him to “quit my job at the factory and still pay the rent and buy some food” – implying he could now sustain himself solely through his music.
• He adds that this realization made him “freaked” – conveying a sense of euphoria, disbelief and relief at achieving independence and being able to fully pursue his musical dreams.

Overall, the quote reflects Joel’s recollection of the joy, disbelief and newfound freedom he experienced when he first earned enough through his art to detach from an unfulfilling day job and sustain himself comfortably on music alone, a breakthrough that understandably elicited a strong emotional reaction given its significance in allowing him to fully commit to the career he desired according to this perspective on a pivotal moment that empowered his path.

George Gissing: Miserable Time

George Gissing Money Quote saying Money is time so I buy hours with that money which makes me owe. George Gissing said:
 

“Money is time. With money I buy for cheerful use the hours which otherwise would not in any sense be mine; nay, which would make me their miserable bondsman” — George Gissing

In this quote, George Gissing is expressing the view that money represents or equates to time. Specifically, he suggests that by having money, one is able to purchase or “buy” time that would otherwise not be available to them.

Gissing notes that without money, people must spend their hours working to survive, making them “bondsmen” or slaves to the demands of simply earning a living. However, wealth allows one to free up time from work obligations and instead spend it on “cheerful use” or leisure activities they find fulfilling.

The best interpretation is that Gissing believed money affords people a sense of freedom and control over their hours by enabling discretionary time not dominated by work. From this perspective, money quite literally translates into additional time available for enjoyment and self-determination rather than being “miserably” beholden to others’ schedules and needs.

Birthday: November 22, 1857 – Death: December 28, 1903

Thomas Jefferson: Cheap or Dear

Thomas Jefferson Money Quote saying don’t buy stuff you don’t want, if it’s cheap it could feel very expensive to you. Thomas Jefferson said:
 

 

“Never buy what you do not want, because it is cheap; it will be dear to you” — Thomas Jefferson

This quote from Thomas Jefferson advises against making purchases solely because an item is inexpensive, if it’s not genuinely something you need or will use. Even if the up-front cost is low, buying unnecessary things can still end up “dear to you” in other ways – it wastes money, cluttering your home with possessions that need to be stored or maintained.

The quote suggests it’s better to spend judiciously based on true needs and value rather than impulse. While deals can be tempting, focusing first on quality over quantity and restraining from non-essential spending even when things are cheap can help save money in the long run.

Overall, the message seems to be that price alone shouldn’t determine purchases – only buy what will be genuinely useful or meaningful.

Birthday: April 13, 1743 – Death: July 4, 1826