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

Bernie Sanders: Billionaires Space

Bernie Sanders Money Quote saying the wealthy are so rich they can afford to go to space and buy monstrous yachts and homes. Bernie Sanders said:
 

“Billionaires like Elon Musk, Jeff Bezos and Richard Branson are zooming off in their spaceships to outer space. They’re buying $500 million super yachts, and they’re buying mansions with 25 bathrooms, while half of our people live paycheck to paycheck” — Bernie Sanders

In this quote, Bernie Sanders appears to be criticizing the vast wealth inequality between billionaires and ordinary citizens. The best interpretation is:

• Sanders notes billionaires like Musk, Bezos and Branson can spend exorbitantly on luxuries like space flights, yachts and mansions, while many average Americans struggle paycheck to paycheck.
• He implies this demonstrates an unfair imbalance, with the ultra-wealthy enjoying lavish excesses unavailable to most, even as many can barely afford basic living costs from one pay period to the next.
• Sanders seems to be arguing this level of unequal wealth distribution is unjust and unsustainable for society, with the rich living extravagantly while so many have little financial flexibility or security.

Overall, the quote conveys Sanders’ view that the enormous wealth of billionaires and their ability to spend on extreme luxuries stands in stark contrast and is unfair relative to the financial difficulties experienced by many ordinary working Americans. He appears to be advocating for a more equitable distribution of resources.

John Fugelsang: Xmas Economy

John Fugelsang Money Quote saying Our way of celebrating Christmas depends on buying the same possessions that Jesus renounced. John Fugelsang said:
 

 

“The Christmas Economy depends on people buying possessions to celebrate the birthday of a man who renounced possessions” — John Fugelsang

In this quote, John Fugelsang is pointing out the irony between the Christmas holiday and the commercialism surrounding it. He notes that the modern “Christmas Economy” relies on high levels of consumer spending and gift-giving to celebrate the birth of Jesus Christ.

However, Christ himself renounced material possessions and wealth, living a life of poverty and emphasizing spiritual values over worldly goods.

Fugelsang’s point is that there is a disconnect between the teachings and lifestyle of Jesus, and the heavy emphasis commercial interests place on acquiring possessions and gifts during the Christmas season.

The quote criticizes how Christmas has in many ways become more focused on consumerism and the exchange of items rather than the religious or spiritual meaning of the holiday.

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Craig Bruce: Unemployed Money

Craig Bruce Money Quote saying those without work can’t buy things without work to support their purchases. Craig Bruce said:
 

 

“Why are people unemployed? Because there is no work. Why is there no work? Because people are not buying products and services. Why are people not buying products and services? Because they have no money. Why do people have no money? Because they are unemployed” — Craig Bruce

This quote by Craig Bruce outlines a self-perpetuating cycle of unemployment and lack of economic demand. It suggests that unemployment occurs because there is insufficient demand in the economy for companies to hire more workers or expand production. When people are unemployed, they have less money to spend, which reduces consumer buying of products and services.

With lower sales, companies then see less need to take on more employees or increase output. The reduced consumer spending in turn leads back to continued unemployment, completing the cycle. The overall interpretation is that unemployment breeds more unemployment due to the lack of aggregate demand in the economy caused by many individuals not having jobs and income to spend on goods and services.

Robert G. Allen: Rich Buying Out

Robert G. Allen Money Quote saying the method optimists use to get rich is buying out pessimists. Robert G. Allen said:
 

 

“Many an optimist has become rich by buying out a pessimist” — Robert G. Allen

In this quote, Robert G. Allen appears to be observing that optimists who are able to see opportunities where others see risks or limitations have often become wealthy by acquiring assets from pessimists. The quote suggests that when pessimists doubt an investment or business venture will succeed and sell their stake at a low price, optimists who believe in the potential may buy them out and ultimately profit greatly if their vision is realized.

Allen seems to be saying wealth can be created by having an optimistic outlook and being willing to invest or take a chance where pessimists doubt and withdraw. The overall interpretation is that a glass-half-full perspective on possibilities rather than limitations has the power to lead to financial gain by purchasing assets that pessimists have discounted or abandoned.

Frank Dane: Time Buying

Frank Dane Money Quote saying that lawyers and advertising are costly in time. Frank Dane said:

“Time is money, especially when you are talking to a lawyer or buying a commercial” — Frank Dane

In this quote, Frank Dane seems to be commenting wryly on how billable time factors into certain professions. By stating “Time is money, especially when you are talking to a lawyer or buying a commercial”, Dane implies that for lawyers and advertising salespeople, every minute spent with a client is potentially generating revenue through hourly billing or ad placement fees.

The quote conveys Dane’s perspective that in these fields, efficiency is prioritized since the duration of meetings, phone calls or project work directly impacts income. Overall, he appears to be jokingly acknowledging how time translates directly to monetary value for some service providers, providing incentive to make interactions concise.

Birthday: June 7, 1885 Death: 1957

Gore Vidal: Pleasure Making

Gore Vidal Money Quote saying the joy of making money is in being able to do what you love without reservation and in excess. Gore Vidal said:
 

 

“The greatest pleasure when I started making money was not buying cars or yachts but finding myself able to have as many freshly typed drafts as possible” — Gore Vidal

In this quote, Gore Vidal seems to be conveying his priorities and work ethic as a writer. By stating that the “greatest pleasure” of earning money was being able to obtain “as many freshly typed drafts as possible”, Vidal implies that financial success afforded him the means to focus fully on his craft through iterative revisions.

The quote conveys Vidal’s perspective that true fulfillment came not from extravagances but enabling the writing process itself through ample drafts and edits. Overall, he appears to value the intrinsic rewards of creative expression and improvement over material luxuries, portraying his identity as a man of letters for whom writing remained the primary joy and purpose over outward displays of wealth or status.

Birthday: October 3, 1925 – Death: July 31, 2012