Posts Tagged ‘own’
« Previous PageMokokoma Mokhonoana: Enjoy Not Owning
on Monday, February 26, 2018Mokokoma Mokhonoana Money Quote saying possession isn’t required in order to delight in things and if we understood and acted on that knowledge, the world economy would crash. Mokokoma Mokhonoana said:
“The world economy would collapse if a significant number of people were to realize and then act on the realization that it is possible to enjoy many if not most of the things that they enjoy without first having to own them” — Mokokoma Mokhonoana
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This quote suggests that if many people came to understand that they can experience and benefit from various goods and services without necessarily purchasing them or taking individual ownership, it could potentially undermine the global economy.
Mokokoma Mokhonoana seems to be pointing out that the consumerist model relies on continual buying and accumulation of possessions, so if consumption habits shifted towards more shared or communal access over private ownership, it could significantly impact industries that drive the world economy.
The quote implies that widespread adoption of alternatives like renting, borrowing, gifting or public access may compromise the profitability of selling perpetual ownership of products and lead to economic instability if adopted at scale.
Dave Ramsey: In Debt? You are Owned
on Sunday, February 18, 2018Dave Ramsey Money Quote saying once you move into debt, you’ve altered the course of your life by becoming owned and controlled by what you owe. Dave Ramsey said:
“The decision to go into debt alters the course and condition of your life. You no longer own it. You are owned” — Dave Ramsey
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This Dave Ramsey quote is saying he believes taking on debt, and that debt fundamentally changes the trajectory and circumstances of one’s life in a negative way. By stating that debt alters your life’s “course and condition,” and that when in debt you “no longer own” your life but are instead “owned,” Ramsey is suggesting that becoming indebted relinquishes a degree of autonomy and control over one’s own future.
His quote implies that being a debtor subjects you to the terms set by your lenders and shifts your life path in ways that may not have otherwise occurred without debt obligations. Overall, Ramsey appears to be strongly warning that debt diminishes personal freedom and that debtors in essence lose ownership over the direction of their own lives.
Bernie Sanders: Billionaires Religion Greed
on Sunday, May 1, 2016Bernie Sanders Money Quote saying some of the wealthy focus their greed on the government to enact policies to make them richer. Bernie Sanders said:
“The billionaire class is very religious. Their religion is greed. It's not enough to own the economy, they want to own the government too” — Bernie Sanders
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In this quote, Bernie Sanders is criticizing the political and economic influence of billionaires. He argues that their “religion” or driving motivation is greed, as they are not satisfied merely owning and controlling large sections of the economy through their wealth, but also wish to exert control over government.
Sanders portrays billionaires as having an insatiable appetite for both economic and political power, suggesting their immense riches alone are not enough and they seek to dominate policymaking as well to further entrench their financial interests.
The quote conveys Sanders’ view that the billionaire class takes its pursuit of wealth and dominance to an extreme level, seeking to essentially “own” not just business but also the political system through the resources and leverage their fortunes provide.
The billionaire class is very religious. Their religion is greed. It's not enough to own the economy, they want to own the government too.
— Bernie Sanders (@SenSanders) May 1, 2016
Warren Buffett: Holding Period Forever
on Monday, April 25, 2016Warren Buffett Money Quote saying well-run companies are the best investment and should be held long term. Warren Buffett said:
“When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever” — Warren Buffett
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Warren Buffett is saying that when he invests in high-quality companies with strong management teams, his preferred investment holding period is indefinite or permanent. He does not want to actively trade the stock, instead holding it long-term.
This reflects his value investing philosophy of only buying into businesses he understands and believes are well-positioned for long-term success, rather than trying to time short-term market fluctuations. The quote emphasizes that Buffett focuses on finding great companies, not making short-term trades, when managing his investments.
Jane Bryant Quinn on You Own Stuff
on Saturday, October 19, 2013Jane Bryant Quinn Money Quotation saying three things determine inheritance, that property and cash you own, when you will pass away and who you’ve left that stuff to, intentionally or by default. Jane Bryant Quinn said:
“The three immutable facts: You own stuff. You will die. Someone will get that stuff” — Jane Bryant Quinn
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In this quote, Jane Bryant Quinn is concisely summarizing a core aspect of estate planning and inheritance. The three “immutable facts” she presents are:
- “You own stuff” – You accumulate possessions, wealth and assets over your lifetime.
- “You will die” – Acknowledging the inevitable reality of mortality.
- “Someone will get that stuff” – Upon an individual’s death, their estate including property, money and belongings must be distributed to others according to their will or the laws of intestacy if no will exists.
Quinn’s quote encapsulates the need for estate planning to determine who “someone” will be – that is, who your heirs will be to inherit your estate upon your passing. The quote serves as a reminder of the importance of proactively directing how your assets will be distributed after death, rather than leaving it to chance or legal default rules.
John Jay: Own Country, Rule Country
on Sunday, September 22, 2013John Jay Money Quotation as First Chief Justice of the Supreme Court he reflected the prevailing view of moneyed men with a belief that owning more should mean ruling over more. John Jay said:
“The people who own the country ought to govern it” — John Jay
In this quote, John Jay is expressing a view that was common among some of the founding fathers – that those who own substantial property have the greatest stake in stable governance and should therefore hold political power.
Jay seems to be suggesting that the “people who own the country” through land ownership and wealth have the most to gain or lose depending on policies enacted, and so it is reasonable for them to “govern it” and determine laws and leadership.
However, the quote also reflects the prevailing attitudes of Jay’s time towards limiting voting rights based on property ownership, which modern democratic principles have largely rejected in favor of universal suffrage. Overall, Jay appears to believe the economically enfranchised members of society who have tangible assets at risk should be those directing the affairs of state.
Birthday December 12, 1745 – Death: May 17, 1829