Subjects — F
It sounds extraordinary but it’s a fact that balance sheets can make fascinating reading.
What is high finance? It’s knowing the difference between one and ten, multiplying, subtracting and adding. You just add noughts. It’s no more than that.
The objects of a financier are, then, to secure an ample revenue; to impose it with judgment and equality; to employ it economically; and, when necessity obliges him to make use of credit, to secure its foundations in that instance, and for ever, by the clearness and candour of his proceedings, the exactness of his calculations, and the solidity of his funds.
It is time that financial types developed a greater tolerance for imprecision, because that’s the way the world is.
You need to have enough immediate profits that you can finance the long-range growth without diluting the stock.
We estimate the wisdom of nations by seeing what they did with their surplus capital.
Of course I’m doing something about my overdraft: I’m seeing my accountant.
The system of book-keeping by double entry is, perhaps, the most beautiful one in the wide domain of literature or science. Were it less common, it would be the admiration of the learned world.
The pen is mightier than the sword, but no match for the accountant.
Women’s battle for financial equality has barely been joined, much less won. Society still traditionally assigns to woman the role of money-handler rather than money-maker, and our assigned specialty is far more likely to be home economics than financial economics.