Posts Tagged ‘financial’

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Martin Scorsese: Financial Support

Posted by admin on Sunday, January 9, 2022

Martin Scorsese Money Quote saying only a couple of movies had all the money needed, but most could have used another 10 days of filming. Martin Scorsese said:
 
I think there's only one or two films where I've had all the financial support I needed. I wish I'd had the money Quote
 

“I think there’s only one or two films where I’ve had all the financial support I needed. All the rest, I wish I’d had the money to shoot another ten days” — Martin Scorsese

 

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Martin Scorsese is saying that for most of his films, he felt constrained by the budget and time allotted for filming. Having more time, like an additional 10 days, would have allowed him to film more scenes and take more creative risks. Filmmaking is a collaborative process, so extra time could have given him the opportunity to further develop ideas with his cast and crew or try alternate versions of scenes. The tight schedules and budgets likely meant some of his visions had to be scaled back or compromised. More days would have given Scorsese more flexibility to fully realize his artistic intentions for each project.

Martin Scorsese: Finance Superhero

Posted by admin on Wednesday, November 17, 2021

Martin Scorsese Money Quote saying that because the goal capitalism is reaching financial heights above all, there aren’t finance heroes in our culture. Martin Scorsese said:
 
nature of free-market capitalism - where the rule is to rise to the top at all costs - is it possible to have a financial industry hero Quote
 

“I would ask: Given the nature of free-market capitalism – where the rule is to rise to the top at all costs – is it possible to have a financial industry hero? And by the way, this is not a pop-culture trend we’re talking about. There aren’t many financial heroes in literature, theater or cinema” — Martin Scorsese

 

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Scorsese says there aren’t many financial heroes portrayed in literature, theater or cinema because the goal of capitalism is to rise to the top financially above all else, at any cost. This prioritizes profits and wealth accumulation over other values. As a result, stories tend not to glorify or portray bankers, investors, etc. as heroic figures, since their work focuses on making money rather than other noble goals like helping people. Scorsese is pointing out that within a free market capitalist system, achieving financial success alone is generally not seen as a heroic attribute worthy of dramatic portrayal.

Robby Mook: Disclose Net Worth

Posted by admin on Saturday, October 16, 2021

Robby Mook Money Quote saying Trump has financial entanglements and sources that he doesn’t want known and they affect his net worth. Robby Mook said:
 
financial interests that he refuses to disclose. They actually affect his net worth Quote
 

“We look at Donald Trump: his bottom line is interconnected to all kinds of financial interests that he refuses to disclose. They actually affect his net worth” — Robby Mook

 

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In this quote, Robby Mook seems to be criticizing Donald Trump’s lack of financial transparency and suggesting it raises legitimate questions about conflicts of interest. Specifically:

  • Mook states that Trump’s “bottom line” or financial interests are “interconnected to all kinds of financial interests” that are kept secret due to his refusal to disclose them.
  • He implies these various holdings could influence Trump’s decision-making and pose potential conflicts between his private business dealings and public duties as president.
  • Mook also argues that Trump’s actual “net worth” may be different from what is known since his full financial picture is obscured without complete transparency

The best interpretation is that Mook is expressing skepticism about Trump and insinuating hidden financial entanglements could compromise his leadership, since the American people have an incomplete picture of his full economic interests and how they interconnect due to his lack of disclosure according to campaign standards. Mook appears to be using the lack of transparency to raise doubts about Trump’s motivations and potential conflicts of interest.

David Ignatius: Financial Incentives

Posted by admin on Sunday, September 26, 2021

David Ignatius Money Quote saying If bankers compensation was more closely tied to long-term performance, it would be like hedge fund managers pay. David Ignatius said:
 
If you want better behavior from bankers, their financial incentives like those in the hedge-fund world – where managers net worth is tied to their long-term performance Quote
 

“If you want better behavior from bankers, then make their financial incentives more like those in the hedge-fund world – where managers have ‘skin in the game,’ and their net worth is tied to their long-term performance” — David Ignatius

 

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In this quote, David Ignatius seems to be proposing that changing bankers’ compensation structures could help reduce risky or unethical behavior that damages the financial system and economy. Specifically:

  • Ignatius notes that hedge fund managers have “skin in the game” since a significant part of their own net worth is directly tied to the long-term success or failure of the funds they oversee.
  • In contrast, he implies that for many bankers, their personal financial fortunes are not as closely linked to the long-term health and sustainability of the banks they lead.
  • Ignatius appears to believe that designing banker pay to more closely mirror the “hedge-fund world” model, where executives have more on the line based on long-term performance, could incentivize conduct that considers broader impacts and is less focused on short-term gains.

The best interpretation is that Ignatius is arguing bankers would likely make wiser decisions and take fewer risks if compensation involved more deferred payouts contingent on sustained positive outcomes, since it would give them literal “skin in the game” and make their fortunes directly reliant on responsible stewardship of the financial institutions they oversee according to his perspective on reforming incentives to discourage conduct that endangers systemic stability.

Sydney Madwed: Self Worth Value

Posted by admin on Tuesday, September 21, 2021

Sydney Madwed Money Quote saying that those who measure themselves against others are ingnoring their self worth in favor of net worth. Sydney Madwed said:
 
A man of financial wealth who values himself by his financial net worth is poorer than a poor man who values himself by his intrinsic self worth Quote
 

Poor is the man who does not know his own intrinsic worth and tends to measure everything by relative value. A man of financial wealth who values himself by his financial net worth is poorer than a poor man who values himself by his intrinsic self worth” — Sydney Madwed

 

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In this quote, Sydney Madwed seems to be contrasting two different types of perspectives on self-worth – intrinsic worth versus relative/financial worth. Specifically:

  • Madwed states that a person who is unaware of their own “intrinsic worth” and judges everything based on comparative “relative value” is impoverished in an existential sense.
  • He notes that even a man of great “financial wealth” who defines himself primarily by his “financial net worth” number is poorer in an important way than someone with few resources.
  • Madwed argues this is because the poor man in the example finds worth from “intrinsic self worth” independent of external factors like wealth/status.

The best interpretation is that Madwed believes true prosperity comes from within by recognizing non-monetary strengths and values, not from any dollar amount or social standings. While money fulfills needs, it does not confer deeper fulfillment or self-assurance according to Madwed’s perspective emphasizing intrinsic qualities over superficial or comparative measures of net worth.

Matt LeBlanc: Acquire Some Money

Posted by admin on Monday, August 30, 2021

Matt LeBlanc Money Quote saying you either have money and don’t trust anyone or you don’t have money and have worries. Matt LeBlanc said:
 
You acquire some money, so then you've got no financial burdens, everyone wants your money and so who can you trust? Or you've got no money but worry to pay bills Quote
 

“The way I look at it, everything is a trade. You acquire some money, so then you’ve got no financial burdens, but everyone wants your money and so who can you trust? Or you’ve got no money and you can trust anyone, but then you’ve got the worry to pay bills. Which is worse?” — Matt LeBlanc

 

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Matt LeBlanc is saying that having either money or trust comes with its own set of challenges and burdens. If you have money, you no longer have financial worries but it becomes harder to know who genuinely cares about you as a person rather than just your wealth.

Whereas if you lack money, you can more easily trust others’ motives since you don’t have valuable resources, but you have to deal with stress over paying basic living expenses.

The best interpretation is that LeBlanc is acknowledging life involves difficult tradeoffs – money provides security but damages relationships, while lack of money improves relationships but brings economic anxiety instead.

Overall he seems to suggest neither extreme is ideal and both money and trust are difficult to balance in their own ways.

Matt LeBlanc: Rent is Paid

Posted by admin on Sunday, July 25, 2021

Matt LeBlanc Money Quote saying that because of ‘Friends’ that financial stability covers a roof overhead and it’s possible to choose work more carefully. Matt LeBlanc said:
 
Work to me has become kind of a hobby. I was a part of something that gave me financial independence and the rent is paid Quote
 

“Work to me has become kind of a hobby. I was a part of something that gave me financial independence and the rent is paid. Now it’s just about projects that turn me on” — Matt LeBlanc

 

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Matt LeBlanc is saying that after achieving financial security through lucrative work earlier in his career, his motivation for taking on jobs now is no longer primarily about money or obligations, but rather pursuing projects that genuinely excite or inspire him creatively.

The best interpretation is that with basic living expenses covered, LeBlanc feels free to be more selective in choosing roles based mainly on his own personal passion and interest for a given project, rather than any financial necessity.

His quote suggests that work now functions more as an enjoyable hobby or pastime rather than strict labor, since he has already gained the independence of not relying on it for income or survival.

Marc Faber: Printed Money Flow

Posted by admin on Sunday, July 25, 2021

Marc Faber Money Quote saying printing money is more complicated than injecting cash into the economy for workers – it remains in the finance industry. Marc Faber said:
 
When you print money, the money does not flow evenly into the economic system. It stays essentially in the financial service industry Quote
 

“When you print money, the money does not flow evenly into the economic system. It stays essentially in the financial service industry and among people that have access to these funds, mostly well-to-do people. It does not go to the worker” — Marc Faber

 

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In this quote, economist Marc Faber seems to be cautioning that the effects of monetary policies like quantitative easing (printing money) do not always trickle down evenly through the entire economy. He suggests that much of the newly created money ends up concentrated within the financial sector and among higher income individuals/institutions that have direct access to investment opportunities.

In contrast, the average worker may see little direct benefit from such actions in terms of higher wages or more job opportunities. Faber implies printing money can disproportionately help those already engaged in financial activities and assets, rather than directly stimulating broader employment and consumer spending that benefits a wider segment of the population.

So the quote serves as a reminder that monetary stimulus does not guarantee widespread prosperity and that its impacts are not uniform across socioeconomic classes.

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