Barbara Corcoran: Put Money Home

Meaning of Barbara Corcoran Money Quote: saying it is difficult to spend and invest in your home when selling it, but buyers demand it. Barbara Corcoran said:
 

“You may not like the idea of putting money into a home when you’re moving out. But it’s demanded by the market. You need to show it off. You don’t have to rip out the kitchen and bathroom. But maybe replace the tiles or the countertops. Get professional advice” — Barbara Corcoran

In this quote, Barbara Corcoran seems to be advising homeowners on making targeted renovations even when preparing to move out, in order to appeal to potential buyers and get the best sale price. Some key points:

• She acknowledges homeowners may not want to invest money into a home they’re leaving, but says upgrades are “demanded by the market” to attract buyers.
• Corcoran suggests minor renovations like replacing tiles, countertops or fixtures to freshen up the property without undertaking major overhauls.
• Her advice implies visual kerb appeal and curb appeal are important to stand out in the real estate market and justify a competitive listing price.
• Corcoran also recommends getting “professional advice” to determine the most cost-effective projects to boost value.

Overall, the quote conveys Corcoran’s perspective that some strategic renovations can help “show off” a home’s best features to buyers and optimize resale value, even for owners ready to move, making certain investments of time and money worthwhile close to departure according to her real estate expertise. Minor touches versus total remodels are the advice.

Jack Welch: Central Banks Bankers

Jack Welch Money Quote saying the economy and markets see consumer confidence as well as central bankers offering money. Jack Welch said:
 

 

“I actually think that the economy has got some positives. It’s got the market. It’s got consumer confidence and it’s got banks throwing – I mean central bankers throwing money at it around the world” — Jack Welch

In this quote, Jack Welch is expressing a cautiously optimistic view of the economy despite risks and uncertainties. His interpretation is that there are some favorable underlying fundamentals like strong consumer sentiment, functioning capital markets, and accommodative monetary policies globally that are providing economic stimulus through low interest rates and easy credit.

While Welch acknowledges issues exist, he seems to believe these positive factors, particularly the actions of central banks, are helping sustain growth even amid geopolitical tensions. The overall message suggests Welch felt the combination of market forces, consumer strength and widespread monetary easing were supporting continued expansion at that point in time, though he may have had reservations about overreliance on stimulus measures.

Birthday: November 19, 1935 – Death: March 1, 2020

James Buchanan: Profit Investment

James M. Buchanan Money Quote saying as 1986 Nobel Prize Winner in Economics that any time something is profitable, there will be those who seek to profit by it and will therefore invest. James Buchanan said:
 

 

“People share a universal behavioural trait: if there are profits to be made, the effort to get that money will attract investment. This is true in the private sector, the market sector, as well as the public sector” — James Buchanan

In this quote, James Buchanan is observing a common trait in human behavior. He notes that whenever there is potential to profit financially, it will attract investment and effort from people seeking those profits.

Buchanan states this incentive holds true not just in private businesses but also in public/government sectors. He appears to be suggesting that the motivation for monetary gain applies universally across sectors.

So in essence, Buchanan is highlighting how the prospect of earning money inspires investment and action in both private markets and public domains according to economic principles of incentives and profit-seeking behavior that he believes are human universals.

Birthday: April 23, 1791 – Death: June 1, 1868

Robert Kiyosaki: Gold & Silver

Robert Kiyosaki Money Quote saying the commodities market is above the fray and have more value than cash. Robert Kiyosaki said:
 

 

“Commodities such as gold and silver have a world market that transcends national borders, politics, religions, and race. A person may not like someone else’s religion, but he’ll accept his gold” — Robert Kiyosaki

In this quote, Robert Kiyosaki seems to be conveying the universal value and fungibility of commodities like gold and silver across diverse populations and circumstances. By stating they have a “world market that transcends national borders, politics, religions, and race”, and that while people may disagree on beliefs, “he’ll accept his gold”, Kiyosaki implies that precious metals maintain stable worth regardless of differences that can divide other aspects of society and commerce.

The quote portrays Kiyosaki’s perspective that gold and silver function as impartial, cross-cultural stores of value precisely because their valuation stems not from subjective affiliations but objective qualities like scarcity and industrial applications. Overall, Kiyosaki appears to be arguing that commodities’ intrinsic properties impart them a global liquidity that bridges social and ideological divides in a way no fiat currency or other assets can due to their apolitical, universal acceptance.

Charlie Munger: Tooth Fairy Points

Charlie Munger Money Quote saying that Berkshire Hathaway doesn’t use trendy strategies that are comparable to children’s fairy tales to invest. Charlie Munger said:
 

 

“I think you’d have to believe in the tooth fairy to believe that you could easily outperform the market by seven percentage points per annum just by investing in high volatility stocks” — Charlie Munger

In this quote, Charlie Munger is expressing skepticism about the ability of individual investors to consistently beat the overall market by large margins simply by investing in more volatile stocks. He implies it would take an unrealistic belief, like in the tooth fairy, to think you could reliably achieve annual returns 7% higher than the market average just through picking stocks with high price fluctuations.

Munger seems to be warning against overconfidence in being able to time the market or select winners, suggesting it is very difficult to outperform professionally managed indexes by such a wide margin on a long-term basis only using high volatility stocks as your investment strategy.

Birthday: January 1, 1924 – Death: November 28, 2023

Mikhail S. Gorbachev: Market Capitalism

Mikhail S. Gorbachev Money Quote saying the marketplace didn’t spring from the mind of a capitalist – it has existed as long as trade has – forever. Mikhail S. Gorbachev said:
 

 

“The market is not an invention of capitalism. It has existed for centuries. It is an invention of civilization” — Mikhail S. Gorbachev

In this quote, Mikhail Gorbachev seems to be challenging the notion that free markets are a construct of capitalism alone. Specifically:

• Gorbachev states that while markets have become strongly associated with capitalist systems, they in fact predate capitalism by “centuries” and are not unique to it.
• He argues that well-functioning markets are a “civilization” in general, implying they can and have existed in various economic models throughout history, not just capitalist ones.

The best interpretation is that Gorbachev believes markets are a natural outgrowth and facilitator of advanced societies, not an invention of any single modern ideology. From his perspective, commerce and voluntary exchange between participants have long been an element of developed human communities regardless of the dominant economic structure, contrary to views of markets as a purely capitalist phenomenon.

The quote conveys Gorbachev’s view that markets are a product of social progress rather than the property of any single modern school of economic thought.

Birthday: March 2, 1931 – Death: August 30, 2022

Martin Luther King Jr: Socialism for Rich

Martin Luther King Jr. Money Quote saying we only believe in socialism when it benefits corporations and businesses, but insist on capitalism for those in poverty. Martin Luther King Jr. said:
 

 

“We all too often have socialism for the rich and rugged free market capitalism for the poor” — Martin Luther King, Jr.

In this quote, Martin Luther King Jr. is critiquing the unequal application of economic systems for different classes in society. He argues that in practice, wealthy and powerful entities often receive government support, bailouts, subsidies or other benefits that socialize their risks and costs – a form of “socialism for the rich.”

Meanwhile, ordinary and low-income citizens are left to struggle under “rugged free market capitalism” without such protections from failures or hardships. King’s point is that the economic rules seem to favor the interests of the affluent, while the poor are not afforded similar safety nets and face a harsher form of capitalism without fail-safes.

His view challenges the fairness of an unequal system where the downsides of markets are socialized for some but not for others.

Birthday: January 15, 1929 – Died (assasinated) April 4, 1968

Warren Buffett: Keep on Buying America

Warren Buffett Money Quote saying investing in the stock market should not be done with short term intentions, but rather over the long haul for wealth accumulation. Warren Buffett said:
 

 

“They shouldn’t listen to a lot of jabbering about what the market’s going to do tomorrow or next week or next month, because nobody knows. They should just keep buying and buying and buying a little bit of America as they go along. And 30 or 40 years from now, they will have a lot of money” — Warren Buffett

“30 or 40 years from now” in the context of Warren Buffett’s investment strategy highlights the importance of long-term investing. He suggests that investors should not focus on short-term gains but instead, invest steadily over time for wealth accumulation.

This approach allows for the compounding of returns and helps to ride out market fluctuations. By keeping a long-term perspective, investors can potentially achieve greater financial success.