Asset Investment Quotes

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The best way to protect an asset is with systems that self organize and self execute behaviors which function as protective to the asset.
Hendrith Vanlon Smith Jr.
Ladies if A Man is More Invested and Concerned About Your Assets....He Is A Liability
Mo Stegall
When we look at asset protection from a natural perspective, we realize that in nature, assets are protected not with fences or walls but with internal and external immune systems. So the best way to protect an asset is with systems that self organize and self execute behaviors which function as protective to the asset.
Hendrith Vanlon Smith Jr. (The Wealth Reference Guide: An American Classic)
The utilization of productive assets is what investing is about.
Hendrith Vanlon Smith Jr.
If you can’t communicate it, you can’t file a proper application. If you can’t file properly, you can’t secure a patent.
JiNan George (The IP Miracle: How to Transform Ideas into Assets that Multiply Your Business)
Return on Investment should be holistic.
Hendrith Vanlon Smith Jr.
I hate debt - except when I’m buying it at a premium and expecting to earn a profit on it.
Hendrith Vanlon Smith Jr.
Investing is an art and a science, not a hobby.
Hendrith Vanlon Smith Jr.
Mayflower-Plymouth will have more than $55 Billion dollars in Assets Under Management by 2030. By then we may be measuring primarily in ETH though.
Hendrith Vanlon Smith Jr.
And he’ll indulge you, because he’s making an investment in you. You’re an asset to him. You’re beautiful, well bred and well connected, and independently wealthy. You’re also in love with him and he can’t take his eyes off you. I bet he can’t keep his hands off you, either.
Sylvia Day (Reflected in You (Crossfire, #2))
Your assets are your employees. Invest more on those performing well. Let the non performers go.
Manoj Arora (From the Rat Race to Financial Freedom)
I don’t believe we have to choose between capital preservation, income and growth. All of these are attainable at the same time, but to varying degrees.
Hendrith Vanlon Smith Jr.
Time is a corporate asset now. It belongs to the free market system. The present is harder to find. It is being sucked out of the world to make way for the future of uncontrolled markets and huge investment potential. The future becomes insistent. "This is why something will happen soon, maybe today…to correct the acceleration of time. Bring nature back to normal, more or less.
Don DeLillo (Cosmopolis)
Nature is great at hedging investments. Nature doesn’t hedge by betting for and against the same things. Nature hedges by cultivating resilience.
Hendrith Vanlon Smith Jr.
The wise study the numbers and their ways. The wise count their movements and their stays.
Hendrith Vanlon Smith Jr. (The Wealth Reference Guide: An American Classic)
Nature has mastered compounding. At Mayflower-Plymouth we want our capital, profits and growth to compound the way compounding happens in thriving forests.
Hendrith Vanlon Smith Jr.
Large scale investing is best done by professional investors, not hobbyists.
Hendrith Vanlon Smith Jr.
The value of a business is a function of how well the financial capital and the intellectual capital are managed by the human capital. You'd better get the human capital part right.
Dave Bookbinder (The NEW ROI: Return on Individuals: Do you believe that people are your company's most valuable asset?)
I view investing as a method of purchasing assets to gain profit in the form of reasonably predictable income (dividends, interest, or rentals) and /or appreciation over the long term.
Burton G. Malkiel (A Random Walk Down Wall Street)
It’s better to have one huge filing with lots of detail, data, and use cases than a dozen failed filings of five to ten pages each. Minimum filing requirements are not minimum requirements to secure a patent. Who does your patent keep out, and how? Your goal in creating IP is for it to be valuable, to be connected to the company, to be linked to your products or service, and to keep out competitors.
JiNan George (The IP Miracle: How to Transform Ideas into Assets that Multiply Your Business)
At Mayflower-Plymouth, we like to invest multiple kinds of Capital into businesses — financial capital, social capital, intellectual capital and more. We have a holistic approach to investing and Asset Management.
Hendrith Vanlon Smith Jr.
We believe in active portfolio management but not aggressive portfolio management.
Hendrith Vanlon Smith Jr.
IP is an intangible asset—an idea converted into transferable personal property rights through patents, trademarks, copyrights, service marks, and trade secrets. IP covers every famous animated character you’ve ever heard of, the logos on your clothing. IP covers products and services you use every day—from flashlights to mobile phones, packaging to cars, food and beverage products, to smart thermostats. IP is not only for big businesses. Most start-ups and event microbusinesses have IP of some kind. 
JiNan George (The IP Miracle: How to Transform Ideas into Assets that Multiply Your Business)
I try to be a good investment to God. All the good things he’s given me, I aim to multiply and return to him and his purposes a maximum ROI. I’m just a tree in his fruit garden aiming to produce good fruit.
Hendrith Vanlon Smith Jr.
At Mayflower-Plymouth we aim to employ capital and maximize ROI for central banks, sovereign wealth funds, pension funds, corporations, foundations and endowments, and individual investors around the world.
Hendrith Vanlon Smith Jr.
Time is our most precious asset...We should spend it wisely
Michael Levy (Invest With A Genius: 1)
He said it was better to work years at creating an asset rather than to spend your life working hard for money to create someone else’s asset.
Robert T. Kiyosaki (Rich Dad's Guide to Investing)
Risk parity is already inherent in the permaculture investing approach. Nature already figured out risk parity through millions of years of Research & Development. In learning from nature, we also learn to employ natures risk parity as part of our approach.
Hendrith Vanlon Smith Jr.
At Mayflower-Plymouth, we approach Asset Management from a network and systems perspective as opposed to from just an entity perspective. We learn from nature and we look at how the mycorrhiza network is a manager of Capital and an allocator of Capital, both a means and a method - and we try to operate in the same way.
Hendrith Vanlon Smith Jr.
Attention is your most precious asset, and deciding how to invest it is one of the most important decisions you can make. The good news is you can make that decision now, in this moment, and in each moment of your life.
Robert Waldinger (The Good Life: Lessons from the World's Longest Scientific Study of Happiness)
It's important to always keep the business' assets growing. Inflation will make sure that expenses grow, so each business needs to make sure that it's assets are growing to at least compensate for those inflationary pressures.
Hendrith Vanlon Smith Jr.
Time, not money, is your biggest asset in life. You need time to invest in relationships (with yourself and your family) or to chase your passion. "Think again" if you are still trading off time for money. Let your money work for you. You don't work for money. That is exactly what Financial Freedom is...
Manoj Arora (From the Rat Race to Financial Freedom)
If you’re not filing patents, but your competitors are, all you have is risk. You’re taking a huge chance that no one else will enter your space and kick you out. That’s the benefit of patents; you don’t have to let everybody in. You can let just a few major players in because you want what they have, or you don’t want to worry about them. Remember, you’re not at the big boys’ lunch table. But if you partner with their competitor, they’ll be worried. Then they’ll want to see if your patent protection is strong or if they can exploit a weakness.
JiNan George (The IP Miracle: How to Transform Ideas into Assets that Multiply Your Business)
Many Asset Managers today have a sort of pristine mathematical prowess paired with access to the most astute technology. But they lack a fundamental understanding of business. How do you invest in something that you don’t understand, except in theory?
Hendrith Vanlon Smith Jr.
Honesty is the best Policy is the Capitalistic thought as it gives free of cost Security to their assets and to their investments........
Tarif Naaz
Invest in building a happy life. Create a portfolio of memories. Those are the most valuable assets. They’re priceless investments. And they’ll never go down in value.
Todd Saville
At Mayflower-Plymouth, we are aiming to be one of the largest capital holdings companies around in terms of Net Asset Value.
Hendrith Vanlon Smith Jr.
Investment Portfolios should be actively managed.
Hendrith Vanlon Smith Jr.
One day I hope for Mayflower-Plymouth to perhaps have more than $1 Trillion in Assets Under Management.
Hendrith Vanlon Smith Jr.
We cannot have a healthy economic system if all the money is being invested passively. Active money management is vital to economic well-being.
Hendrith Vanlon Smith Jr.
Your brain can be your most powerful asset. But if not used properly, it can be your most powerful liability.
Robert T. Kiyosaki (Rich Dad's Guide to Investing)
Permaculture Capital Stewardship, or Permaculture Investing, is about not just having a diversified portfolio, but having a portfolio where all of the assets within the portfolio have synergy and whereby that synergy is channeled toward maximized productivity for both shareholders and stakeholders. A permaculture investment portfolio has a multiplicative value effect.
Hendrith Vanlon Smith Jr.
At Mayflower-Plymouth, our investment process is driven by our Principles of Permaculture Capital Stewardship, a set of principles that emphasize modeling nature to preserve capital and maximize ROI.
Hendrith Vanlon Smith Jr.
There is a spirituality to money & we understand that at Mayflower-Plymouth. And that’s why conscious people like to invest with us. That’s why vegans and vegetarians like to invest with us. That’s why people who understand the laws of attraction and karma and resonance and noetics like to invest with Mayflower-Plymouth.
Hendrith Vanlon Smith Jr.
If we exaggerate the present and future value of the stock market, then as a society we may invest too much in business start-ups and expansions, and too little in infrastructure, education, and other forms of human capital.
Robert J. Shiller (Irrational Exuberance)
Invest first in education. In reality, the only real asset you have is your mind, the most powerful tool we have dominion over.
Robert T. Kiyosaki (Rich Dad, Poor Dad)
Mayflower-Plymouth Capital LLC is a Capital Management Firm based in Arlington Virginia and operating internationally.
Hendrith Vanlon Smith Jr.
Your largest wealth-building asset is your income. When you tie up your income, you lose. When you invest your income, you become wealthy and can do anything you want.
Dave Ramsey (The Total Money Makeover: A Proven Plan for Financial Fitness)
To acquire an asset at greater cost than value is simply unwise.
Hendrith Vanlon Smith Jr. (Investing, The Permaculture Way: Mayflower-Plymouth's 12 Principles of Permaculture Investing)
In nature, capital is never stagnant. Capital exists in service to life - at all times.
Hendrith Vanlon Smith Jr. (Investing, The Permaculture Way: Mayflower-Plymouth's 12 Principles of Permaculture Investing)
Capital is a living substance and it is expected to grow and to multiply and to compound. And the more capital we have, the more of it we can get, and the more income we can command.
Hendrith Vanlon Smith Jr. (Investing, The Permaculture Way: Mayflower-Plymouth's 12 Principles of Permaculture Investing)
The idea that “it takes money to make money” is the thinking of financially unsophisticated people. It does not mean that they’re not intelligent. They have simply not learned the science of money making money. Money is only an idea. If you want more money, simply change your thinking. Every self-made person started small with an idea, and then turned it into something big. The same applies to investing. It takes only a few dollars to start and grow it into something big. I meet so many people who spend their lives chasing the big deal, or trying to amass a lot of money to get into a big deal, but to me that is foolish. Too often I have seen unsophisticated investors put their large nest egg into one deal and lose most of it rapidly. They may have been good workers, but they were not good investors. Education and wisdom about money are important. Start early. Buy a book. Go to a seminar. Practice. Start small. I turned $5,000 cash into a one-million-dollar asset producing $5,000 a month cash flow in less than six years. But I started learning as a kid. I encourage you to learn, because it’s not that hard. In fact, it’s pretty easy once you get the hang of it. I think I have made my message clear. It’s what is in your head that determines what is in your hands. Money is only an idea. There is a great book called Think and Grow Rich. The title is not Work Hard and Grow Rich. Learn to have money work hard for you, and your life will be easier and happier. Today, don’t play it safe. Play it smart.
Robert T. Kiyosaki (Rich Dad Poor Dad)
At Mayflower-Plymouth, we take our Assets Under Management very seriously. We see ourselves as stewards of capital and we feel a profound sense of responsibility with the capital we steward.
Hendrith Vanlon Smith Jr.
Identity capital is our collection of personal assets. It is the repertoire of individual resources that we assemble over time. These are the investments we make in ourselves, the things we do well enough, or long enough, that they become a part of who we are. Some
Meg Jay (The Defining Decade: Why Your Twenties Matter--And How to Make the Most of Them Now)
As Asset Managers, our purpose is to grow wealth. Our clients should be wealthier because of our management. And society should be wealthier because of our investments. This is a priority at Mayflower-Plymouth.
Hendrith Vanlon Smith Jr.
Entrepreneurship is when an individual retrieves a red hot idea from the creativity furnace without the constraint of the heat of lean resources, and with each persistent blow of the innovation hammer shapes the still malleable idea against the anvil of passion, vision, insight, strategy, and principles to forge a fitting vessel of a creative concern.
Ini-Amah Lambert (Cracking the Stock Market Code: How to Make Money in Shares)
In Haiti, untitled rural and urban real estate holdings are together worth some 5.2 billion. To put that sum in context, it is four times the total of all the assets of all the legally operating companies in Haiti, nine times the value of all assets owned by the government, and 158 times the value of all foreign direct investment in Haiti's recorded history to 1995.
Hernando de Soto (The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else)
There’s no amount of data that can replace an investors ability to empathize with the entrepreneur. There’s no amount of computational capacity that can replace a genuine and instinctive understanding of business management.
Hendrith Vanlon Smith Jr.
A capitalist economy cannot be maintained, however, if it oscillates between threats of an imminent collapse of asset values and employment and threats of accelerating inflation and rampant speculation, especially if the threats are sometimes realized. If the market mechanism is to function well, we must arrange to constrain the uncertainty due to business cycles so that the expectations that guide investment can reflect a vision of tranquil progress.
Hyman P. Minsky (Stabilizing an Unstable Economy)
Basically, we view a portfolio in the same way that a gardener views a garden. Every business or asset in our portfolio is like a plant in a gardeners garden and is subject to similar expectations; growth, purpose, and productivity.
Hendrith Vanlon Smith Jr. (Investing, The Permaculture Way: Mayflower-Plymouth's 12 Principles of Permaculture Investing)
At Mayflower-Plymouth, we pair our deep understanding of business and economies with our study of natural ecosystems to invest in productive assets across the globe. We aim to help our clients employ capital and maximize ROI by combining fundamental asset selection with proprietary methodologies based on modeling natural ecosystems.
Hendrith Vanlon Smith Jr.
Never be shy to invest in yourself and in your own personal development, as this is your most valuable asset.
Tony Scott (Managing and Budgeting Money: How to easily budget and manage your money in a simple step by step approach: (BONUS: FREE BUDGETING TEMPLATE) Money management, ... Financial freedom, Personal finance))
We believe that the capital in our portfolio should be a platform for utility and a facilitator of life.
Hendrith Vanlon Smith Jr. (Investing, The Permaculture Way: Mayflower-Plymouth's 12 Principles of Permaculture Investing)
We believe that active management and passive management are not necessarily contradictory ideas.
Hendrith Vanlon Smith Jr. (Investing, The Permaculture Way: Mayflower-Plymouth's 12 Principles of Permaculture Investing)
We believe that capital must be cared for – stewarded.
Hendrith Vanlon Smith Jr. (Investing, The Permaculture Way: Mayflower-Plymouth's 12 Principles of Permaculture Investing)
All stakeholders should benefit from the capital we allocate in our portfolio, on a net value add basis.
Hendrith Vanlon Smith Jr. (Investing, The Permaculture Way: Mayflower-Plymouth's 12 Principles of Permaculture Investing)
Being net value adders puts us better positioned for long-term growth and longevity – because in the long term, capital flows to net value adders.
Hendrith Vanlon Smith Jr. (Investing, The Permaculture Way: Mayflower-Plymouth's 12 Principles of Permaculture Investing)
Investments in the invisible assets of character, knowledge, relationships, and reputation pay better interest rates than any bank that has ever existed.
Elizabeth Grace Saunders (The 3 Secrets to Effective Time Investment: Achieve More Success with Less Stress)
Nature doesn’t have puts on one side and calls on the other side of the same things, nor does it waste energy betting against the same life it works to cultivate. Nature doesn’t insure high risk gambles by trying to be both the casino and the player. Instead, nature insures capital and profits through a variety of complimentary approaches. At Mayflower-Plymouth we aim to emulate nature in this way with how we approach investing and asset management.
Hendrith Vanlon Smith Jr.
In order for capitalism to evolve from its current toxic expression, I propose the value of international currencies be tied to an Index of Human Productive Output. The emphasis being on human productivity not inanimate machines and virtual assets created by the mirage of the investment banker
Said Elias Dawlabani (MEMEnomics: The Next Generation Economic System)
Since business is an exchange of value, with the greatest profits afforded to the businesses that add the most value most additionally – being a net value adder positions us to achieve the greatest ROI.
Hendrith Vanlon Smith Jr. (Investing, The Permaculture Way: Mayflower-Plymouth's 12 Principles of Permaculture Investing)
Some people will each start investing more of their salary on ‘their’ house and spending less of it on ‘their’ car or cars only when they start being able to take ‘their’ house to work, funerals, weddings, etc.
Mokokoma Mokhonoana
At Mayflower-Plymouth, we analyze global markets, analyze businesses and employ a range of strategies that emulate natural ecosystems to deliver holistic and industry-consistent investment returns. Our approach emphasizes preservation, steady compounding growth and steady returns for our capital partners and clients.
Hendrith Vanlon Smith Jr.
If a business borrows to buy a machine, it’s a good thing, not a bad thing. During the past six years, America—its government, its families, the country as a whole—has been borrowing to sustain its consumption. Meanwhile, investment in fixed assets—the plants and equipment that help increase our wealth—has been declining.
Joseph E. Stiglitz (The Great Divide: Unequal Societies and What We Can Do About Them)
The average American watches more than four hours of TV each day. In a 65-year life, that person will have spent nine years glued to the tube. Why? Simple. Life sucks. Life needs an escape. Life is no good. Show me someone who spends hours online playing Mafia Wars or Farmville, and I'll show you someone who probably isn't very successful. When life sucks, escapes are sought. I don't need television because I invested my time into a real life worth living, not a fictitious escape that airs every Tuesday night at 8 p.m. Again, majority thinking yields mediocrity, and for that majority, time is an asset that is undervalued and mindlessly squandered.
M.J. DeMarco (The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime!)
It is imperative to acquire assets at a financial cost that is less than their value. Timing the purchase based on changes in the marketplace or other factors may present great opportunity to widen the margin between cost and value.
Hendrith Vanlon Smith Jr. (Investing, The Permaculture Way: Mayflower-Plymouth's 12 Principles of Permaculture Investing)
Business will forever be a platform for people to exchange value. People are largely unpredictable, and value is largely subjective. This is the space where humans will always outperform AI – the space where active management will always be necessary.
Hendrith Vanlon Smith Jr. (Investing, The Permaculture Way: Mayflower-Plymouth's 12 Principles of Permaculture Investing)
Everyone knows about market risk and management risk. But there are a variety of non obvious risks to consider when managing a portfolio of investments. They include political risk, share premiums and discounts risk, Interest Rate risk, Income Risk, Tax law changes risk, valuation risk, and liquidity risk, among others. This is why professional active portfolio management is the way to go.
Hendrith Vanlon Smith Jr.
In medieval Europe, aristocrats spent their money carelessly on extravagant luxuries, whereas peasants lived frugally, minding every penny. Today, the tables have turned. The rich take great care managing their assets and investments, while the less well-heeled go into debt buying cars and
Yuval Noah Harari (Sapiens: A Brief History of Humankind)
Something out of the ordinary course of business is taking place that creates an investment opportunity. The list of corporate events that can result in big profits for you runs the gamut—spinoffs, mergers, restructurings, rights offerings, bankruptcies, liquidations, asset sales, distributions.
Joel Greenblatt (You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits)
Thus, increases in interest rates matter greatly for the economy as a whole. They not only cause direct reductions in investment spending and interest-sensitive consumption spending (the main intent of restrictive monetary policy), but they also may reduce aggregate demand indirectly through their impact on asset prices.
Campbell R. McConnell (Economics [with ConnectPLUS Access Code])
Trump’s pick for secretary of state? Rex Tillerson, a figure known and trusted in Moscow, and recipient of the Order of Friendship. National security adviser? Michael Flynn, Putin’s dinner companion and a beneficiary of undeclared Russian fees. Campaign manager? Paul Manafort, longtime confidant to ex-Soviet oligarchs. Foreign policy adviser? Carter Page, an alleged Moscow asset who gave documents to Putin’s spies. Commerce secretary? Wilbur Ross, an entrepreneur with Russia-connected investments. Personal lawyer? Michael Cohen, who sent emails to Putin’s press secretary. Business partner? Felix Sater, son of a Russian American mafia boss. And other personalities, too. It was almost as if Putin had played a role in naming Trump’s cabinet. The U.S. president, of course, had done the choosing. But the constellation of individuals, and their immaculate alignment with Russian interests, formed a discernible pattern, like stars against a clear night sky. A pattern of collusion.
Luke Harding (Collusion: Secret Meetings, Dirty Money, and How Russia Helped Donald Trump Win)
as modern portfolio theory. MPT, invented in the 1950s, was a technique to build an investment portfolio by examining the past returns and volatility of disparate asset classes. The trick was to split money among investments that don’t necessarily correlate, or move together, to avoid the chance that any one market event could cause calamity.
Rob Copeland (The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend)
Identity capital is our collection of personal assets. It is the repertoire of individual resources that we assemble over time. These are the investments we make in ourselves, the things we do well enough, or long enough, that they become a part of who we are. Some identity capital goes on a résumé, such as degrees, jobs, test scores, and clubs. Other identity capital is more personal, such as how we speak, where we are from, how we solve problems, how we look. Identity capital is how we build ourselves—bit by bit, over time. Most important, identity capital is what we bring to the adult marketplace. It is the currency we use to metaphorically purchase jobs and relationships and other things we want.
Meg Jay (The Defining Decade: Why Your Twenties Matter--And How to Make the Most of Them Now)
All of you were given two great gifts: your mind and your time. It is up to you to do what you please with both. With each dollar bill that enters your hand, you, and only you, have the power to determine your destiny. Spend it foolishly, and you choose to be poor. Spend it on liabilities, and you join the middle class. Invest it in your mind and learn how to acquire assets, and you will be choosing wealth as your goal and your future. The choice is yours, and only yours. Every day with every dollar, you decide to be rich, poor, or middle class.
Robert T. Kiyosaki (Rich Dad Poor Dad)
The motivation for taking on debt is to buy assets or claims rising in price. Over the past half-century the aim of financial investment has been less to earn profits on tangible capital investment than to generate “capital” gains (most of which take the form of debt-leveraged land prices, not industrial capital). Annual price gains for property, stocks and bonds far outstrip the reported real estate rents, corporate profits and disposable personal income after paying for essential non-discretionary spending, headed by FIRE [Finance, Insurance, Real Estate]-sector charges.
Michael Hudson (The Bubble and Beyond)
One reason nature is efficient is because there is no waste. Everything produced creates value for others and is consumed by others on the basis of value. What one life may discard as not valuable is consumed by another life because of its valuable. And all things produced and consumed are continually upcycled, becoming more valuable each cycle. Perhaps it’s because nature has a capital-centric view of things; everything in nature is capital and produces capital which to varying degrees provides value to all other things in nature. Imagine if economies worked like this. Imagine if investment portfolios worked like this. Imagine if businesses worked like this. What a beautiful world it would be.
Hendrith Vanlon Smith Jr.
Our parents invested in the future, ours as well as theirs, through their taxes. They invested their tax money in the interstate highway system, the Internet, the scientific and medical establishments, our communications system, our airline system, the space program. They invested in the future, and we are reaping the tax benefits, the benefits from the taxes they paid. Today we have assets-highways, schools and colleges, the Internet, airlines-that come from the wise investments they made.
George Lakoff (Don't Think of an Elephant! Know Your Values and Frame the Debate: The Essential Guide for Progressives)
When foreign military spending [bombing Korea and Vietnam] forced the U.S. balance of payments into deficit and drove the United States off gold in 1971, central banks were left without the traditional asset used to settle payments imbalances. The alternative by default was to invest their subsequent payments inflows in U.S. Treasury bonds, as if these still were “as good as gold.” Central banks have been holding some $4 trillion of these bonds in their international reserves for the past few years — and these loans have financed most of the U.S. Government’s domestic budget deficits for over three decades. Given the fact that about half of U.S. Government discretionary spending is for military operations — including more than 750 foreign military bases and increasingly expensive operations in the oil-producing and transporting countries — the international financial system is organized in a way that finances the Pentagon, along with U.S. buyouts of foreign assets expected to yield much more than the Treasury bonds that foreign central banks hold.
Michael Hudson (The Bubble and Beyond)
After the New Deal, economists began referring to America’s retirement-finance model as a “three-legged stool.” This sturdy tripod was composed of Social Security, private pensions, and combined investments and savings. In recent years, of course, two of those legs have been kicked out. Many Americans saw their assets destroyed by the Great Recession; even before the economic collapse, many had been saving less and less. And since the 1980s, employers have been replacing defined-benefit pensions that are funded by employers and guarantee a monthly sum in perpetuity with 401(k) plans, which often rely on employee contributions and can run dry before death. Marketed as instruments of financial liberation that would allow workers to make their own investment choices, 401(k)s were part of a larger cultural drift in America away from shared responsibilities toward a more precarious individualism. Translation: 401(k)s are vastly cheaper for companies than pension plans. “Over the last generation, we have witnessed a massive transfer of economic risk from broad structures of insurance, including those sponsored by the corporate sector as well as by government, onto the fragile balance sheets of American families,” Yale political scientist Jacob S. Hacker writes in his book The Great Risk Shift. The overarching message: “You are on your own.
Jessica Bruder (Nomadland: Surviving America in the Twenty-First Century)
To want to own a restaurant can be a strange and terrible affliction. What causes such a destructive urge in so many otherwise sensible people? Why would anyone who has worked hard, saved money, often been successful in other fields, want to pump their hard-earned cash down a hole that statistically, at least, will almost surely prove dry? Why venture into an industry with enormous fixed expenses (...), with a notoriously transient and unstable workforce, and highly perishable inventory of assets? The chances of ever seeing a return on your investment are about one in five. What insidious spongi-form bacteria so riddles the brains of men and women that they stand there on the tracks, watching the lights of the oncoming locomotive, knowing full well it will eventually run over them? After all these years in the business, I still don't know.
Anthony Bourdain (Kitchen Confidential: Adventures in the Culinary Underbelly)
Men are hard-wired for risk taking—particularly young men. The number one killer of fifteen- to twenty-four-year-old males is accidents.6 Female investors hold less risky investment portfolios than their male counterparts and generally take fewer chances with their money. Churches need men because men are natural risk takers—and they bring that orientation into the church. Congregations that do not take risks atrophy. Jesus made it clear that risk taking is necessary to please God. In the parable of the talents, the master praises two servants who risked their assets and produced more, but he curses the servant who played it safe. He who avoids all risk is, in the words of Jesus, “wicked and lazy".
David Murrow (WHY MEN HATE GOING TO CHURCH)
Life inevitably translates into time. That is why the sum total of it is called 'a lifetime'. Freedom is the potential to spend one's time in any fashion one determines. I would always want the time invested in my ideas to be profitable, to give the reader something lasting for their investment in me. It is very important to me that my ideas be understood. It is not as important that I be understood. I believe that this is a matter of respect; your most significant asset is your time and your commitment to invest a portion of it considering my ideas means it is worth a sincere attempt on my part to transmit the essence of the idea. If you are looking, I want to make sure that there is something here for you to find.
Gil Scott-Heron (Now and Then...)
My twenties and thirties were contradictory decades, years when I eliminated conditions and truths that went against my grain. The value in this conservative era was that it safeguarded me from fatal character debits early in life. It was a time when I was often more concerned with not running red lights than I was with investing in the greenlights. I did what I wanted, I learned to live. I survived. My forties were a much more affirming decade, years when I started to play offense with truths I had learned and put them into action. An era where I doubled down on what fed me. The value of this liberal age was that it illuminated my most life-endorsing character assets. It was a time when I not only cruised through more greenlights because I had eliminated more red and yellow ones, but a time when I created more greenlights to travel through. A time when past reds and yellows finally turned green, as old hardships revealed themselves as good fortune, a time when the greenlights beamed brighter because I gave them more power to shine. I did what I needed, I lived to learn. I thrived. As I approach the next chapter of truths to cross, the only thing I know for sure is that I will recalibrate again,
Matthew McConaughey (Greenlights)
The fragmentation of the neoliberal self begins when the agent is brought face to face with the realization that she is not just an employee or student, but also simultaneously a product to be sold, a walking advertisement, a manager of her résumé, a biographer of her rationales, and an entrepreneur of her possibilities. She has to somehow manage to be simultaneously subject, object, and spectator. She is perforce not learning about who she really is, but rather, provisionally buying the person she must soon become. She is all at once the business, the raw material, the product, the clientele, and the customer of her own life. She is a jumble of assets to be invested, nurtured, managed, and developed; but equally an offsetting inventory of liabilities to be pruned, outsourced, shorted, hedged against, and minimized. She is both headline star and enraptured audience of her own performance.
Philip Mirowski (Never Let a Serious Crisis Go to Waste: How Neoliberalism Survived the Financial Meltdown)
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The government monopoly of money leads not just to the suppression of innovation and experiment, not just to inflation and debasement, not just to financial crises, but to inequality too. As Dominic Frisby points out in his book Life After the State, opportunities in finance ripple outwards from the Treasury. The state spends money before it even exists; the privileged banks then get first access to newly minted money and can invest it before assets have increased in cost. By the time it reaches ordinary people, the money is worth less. This outward percolation is known as the Cantillon Effect – after Richard Cantillon, who noticed that the creation of paper money in the South Sea Bubble benefited those closest to the source first. Frisby argues that the process of money creation by an expansionary government effectively redistributes money from the poor to the rich. ‘This is not the free market at work, but a gross, unintended economic distortion caused by the colossal government intervention.’ The
Matt Ridley (The Evolution of Everything: How New Ideas Emerge)
In the immediate postbubble period, the wealth effect of asset price movements has a bigger impact on economic growth rates than monetary policy does. People tend to underestimate the size of this effect. In the early stages of a bubble bursting, when stock prices fall and earnings have not yet declined, people mistakenly judge the decline to be a buying opportunity and find stocks cheap in relation to both past earnings and expected earnings, failing to account for the amount of decline in earnings that is likely to result from what’s to come. But the reversal is self-reinforcing. As wealth falls first and incomes fall later, creditworthiness worsens, which constricts lending activity, which hurts spending and lowers investment rates while also making it less appealing to borrow to buy financial assets. This in turn worsens the fundamentals of the asset (e.g., the weaker economic activity leads corporate earnings to chronically disappoint), leading people to sell and driving down prices further. This has an accelerating downward impact on asset prices, income, and wealth.
Ray Dalio (A Template for Understanding Big Debt Crises)
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In the light of the evidence it is hard to believe that most crusaders were motivated by crude materialism. Given their knowledge and expectations and the economic climate in which they lived, the disposal of assets to invest in the fairly remote possibility of settlement in the East would have been a stupid gamble. It makes much more sense to suppose, in so far as one can generalize about them, that they were moved by an idealism which must have inspired not only them but their families. Parents, brothers and sisters, wives and children had to face a long absence and must have worried about them: in 1098 Countess Ida of Boulogne made an endowment to the abbey of St Bertin 'for the safety of her sons, Godfrey and Baldwin, who have gone to Jerusalem'.83 And they and more distant relatives — cousins, uncles and nephews - were prepared to endow them out of the patrimonial lands. I have already stressed that no one can treat the phenomenal growth of monasticism in this period without taking into account not only those who entered the communities to be professed, but also the lay men and women who were prepared to endow new religious houses with lands and rents. The same is true of the crusading movement. Behind many crusaders stood a large body of men and women who were prepared to sacrifice interest to help them go. It is hard to avoid concluding that they were fired by the opportunity presented to a relative not only of making a penitential pilgrimage to Jerusalem but also of fighting in a holy cause. For almost a century great lords, castellans and knights had been subjected to abuse by the Church. Wilting under the torrent of invective and responding to the attempts of churchmen to reform their way of life in terms they could understand, they had become perceptibly more pious. Now they were presented by a pope who knew them intimately with the chance of performing a meritorious act which exactly fitted their upbringing and devotional needs and they seized it eagerly. But they responded, of course, in their own way. They were not theologians and were bound to react in ways consonant with their own ideas of right and wrong, ideas that did not always respond to those of senior churchmen. The emphasis that Urban had put on charity - love of Christian brothers under the heel of Islam, love of Christ whose land was subject to the Muslim yoke - could not but arouse in their minds analogies with their own kin and their own lords' patrimonies, and remind them of their obligations to avenge injuries to their relatives and lords. And that put the crusade on the level of a vendetta. Their leaders, writing to Urban in September 1098, informed him that 'The Turks, who inflicted much dishonour on Our Lord Jesus Christ, have been taken and killed and we Jerusalemites have avenged the injury to the supreme God Jesus Christ.
Jonathan Riley-Smith (The First Crusade and the Idea of Crusading)