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Earnings Quotes


"There is no limit on earnings." - Earl Nightingale

"There's no earnings for me there." - Sharron Angle

"Most look at earnings and earnings potential, well I can't get into that game." - Walter Schloss

"Earnings can change dramatically. Usually assets change slowly." - Walter Schloss

"Focus on return on equity, not earnings per share." - Warren Buffett

"Calculate "owner earnings" to get a true reflection of value." - Warren Buffett

"If expectations of lifetime earnings drop, then so will spending." - Amity Shlaes

"I'm very serious; I don't waste my earnings." - Eva Herzigova

"It's nonsensical to derive a price/earnings ratio by dividing the known current price by unknown future earnings." - Benjamin Graham

"Accounting does not make corporate earnings or balance sheets more volatile. Accounting just increases the transparency of volatility in earnings." - Diane Garnick

"They get, you know, whatever they want from their earnings, and their earnings go into their own company." - Brian Epstein

"Calculate a stock's price/earnings ratio yourself, using Graham's formula of current price divided by average earnings over the past three years." - Benjamin Graham

"It's an earnings-driven market. The big question is whether the flow of earnings can rescue the market from the twin dreadnoughts of higher oil and interest rates." - Larry Wachtel

"Investors have been too willing to buy stocks with strong reported earnings, even if they do not understand how the earnings are produced." - Alex Berenson

"What is a socialist? One who has yearnings To share equal profits from unequal earnings." - William Inge

"The only thing you should do with pro forma earnings is ignore them." - Benjamin Graham

"One has to know more about a company if one buys earnings." - Walter Schloss

"Try to buy assets at a discount than to buy earnings." - Walter Schloss

"Earnings can be pliable as putty when a charlatan heads the company reporting them." - Warren Buffett

"What is a Communist? One who has yearnings for equal division of unequal earnings." - Ebenezer Elliott

". . . the most difficult thing asked by our young is not our earnings but our ears." - Malcolm Forbes

"The earnings of a poet could be reckoned by a metaphysician rather than a bookkeeper." - Edward Dahlberg

"The discrepancy between equity earnings yields and Treasury yields is at an all time high" - John Paulson

"Taxation of earnings from labor is on a par with forced labor." - Robert Nozick

"Your biggest asset is a positive attitude. That more than anything else determines your earnings." - Ben Feldman

"What is a communist? One who hath yearnings For equal division of unequal earnings." - Ebenezer Elliott

"We have seen economic growth. But we have not seen earnings growth." - Mike Farrell

"I give a percentage of the earnings to the Motion Picture Home." - James Macarthur

"Most performers spend half their earnings taking care of family members." - Martha Reeves

"Wealth can only be accumulated by the earnings of industry and the savings of frugality." - John Tyler

"One of the big problems with growth investing is that we can't estimate earnings very well. I really want to buy growth at value prices. I always look at trailing earnings when I judge stocks." - David Dreman

"Treat your career as a business. Invest your earnings into good tools that can enhance your business. Film businesses are the same as non-film businesses. Ploughing part of your earnings back into your filmmaking business would grow career exponentially." - Elliot Grove

"Of course, the discounting of future earnings should hurt all stocks. But it should hurt technology stocks more than others, because so many of them are valued at extremely high levels relative to their current earnings." - Alex Berenson

"I think that, every time you saw the word EBITDA, you should substitute the word "bullshit" earnings." - Charlie Munger

"Today's stock market actually hates technology, as shown by all-time low price/earnings ratios for major public technology companies" - Marc Andreessen

"Live comedy's a very reckless, foolhardy profession. You're only as good as your last gig so earnings fluctuate." - Bill Bailey

"Reality bites. Micron underlines that despite the market run-up recently, there's still no confidence about growth and earnings." - David Thwaites

"Today's stock market actually hates technology, as shown by all-time low price/earnings ratios for major public technology companies" - Marc Andreessen

"Don King ain't a bad guy. He cut my earnings, but I don't hold any hard feelings toward him." - Larry Holmes

"Today's stock market actually hates technology, as shown by all-time low price/earnings ratios for major public technology companies." - Marc Andreessen

"We must learn to separate need from greed...We must not allow our yearnings to exceed our earnings." - Thomas S Monson

"Corporations today, by their razor sharp focus on the 'bottom line' and quarterly earnings, have lost their ability to innovate." - John Maeda

"Versailles was a gulf into which the labor of France poured its earnings; and it was never full." - Francis Parkman

"After a year of transformation Foster's Group sits at the doorstep of a period of sustained strong earnings growth." - Trevor O'Hoy

"Today's stock market actually hates technology, as shown by all-time low price/earnings ratios for major public technology companies." - Marc Andreessen

"Of all the big Internet companies, Yahoo is the most highly valued on a price-earnings and price-sales basis." - Alex Berenson

"One hundred percent of our earnings are reinvested in the company, and a great deal of that goes to research." - Amar Bose

"The more education a woman has, the wider the gap between men's and women's earnings for the same work." - Sandra Day O'Connor

"The best companies are able to realize earnings in cash, not through calculations that belong in fantasyland." - David Hawkins

"Traders can cause short-term volatility. In the long run, the market must revert to a sensible price/earnings multiple." - Ben Stein

"Any jerk can have short-term earnings. You squeeze, squeeze, squeeze, and the company sinks five years later." - Jack Welch

"In real terms, there is a greater disparity of earnings between the very rich and the very poor." - Ferdinand Mount

"The more education a woman has, the wider the gap between men's and women's earnings for the same work." - Sandra Day Oconnor

"If you can follow only one bit of data, follow the earnings - assuming the company in question has earnings. I subscribe to the crusty notion that sooner or later earnings make or break an investment in equities. What the stock price does today, tomorrow, or next week is only a distraction." - Peter Lynch

"I never knew an early-rising, hard-working, prudent man, careful of his earnings, and strictly honest who complained of bad luck." - Henry Ward Beecher

"This crisis is not just a crisis. Consumers are understanding for the first time that [their] degree of personal happiness doesn't rise past a certain earnings threshold." - Fernando Rodes Vila

"Ordinary human concern for human distress does not manifest itself ordinarily in the form of a gun aimed at the wallets and earnings of one's neighbors." - Ayn Rand

"A young financial writer once brought ridicule upon himself by stating that a certain company had nothing to commend it except excellent earnings. Well, there are companies whose earnings are excellent but whose stocks I would never recommend. In selecting investments, I attach prime importance to the men behind them. I'd rather buy brains and character than earnings. Earnings can be good one year and poor the next. But if you put your money into securities run by men combining conspicuous brains and unimpeachable character, the likelihood is that the financial results will prove satisfactory." - B C Forbes

"We ask only for justice and equal rights-the right to vote, the right to our own earnings, equality before the law." - Lucy Stone

"One who has yearnings for equal division of unequal earnings. Idler or bungler, he is willing to fork out his penny and pocket your shilling." - Ebenezer Elliott

"When a man has accumulated a sum of money, accumulated it within the law, the Government has no right to share in its earnings." - John D Rockefeller

"Government as well as religion has furnished its schisms, its persecutions and its devices for fattening idleness on the earnings of the people." - Thomas Jefferson

"Mother is the dead heart of the family spending father's earnings on consumer goods to enhance the environment in which he eats, sleeps, and watches the television." - Germaine Greer

"History constantly reminds us that in an uncertain world there is no visibility of prospects. Future earnings cannot be predicted with accuracy." - David Dreman

"The company must be profitable. Preferably it will have increased its earnings for the past five years and there will have been no deficits over that period." - Peter Cundill

"Successful investing is about owning businesses and reaping the huge rewards provided by the dividends and earnings growth of our nation's - and, for that matter, the world's - corporations." - John C. Bogle

"The only way an established enterprise can dramatically increase its stock price is by adding a net new high-growth earnings engine to its existing portfolio." - Geoffrey Moore

"The first years of a child's life are too important for a child's future - their development, earnings, behavior, and health - for anyone to ignore." - Shakira

"I'm going to bring in something called the London Living Rent. These are homes where rent is one third of average local earnings." - Sadiq Khan

"Thirty-nine was the best year of my life earnings-wise. I paid off my mortgage and felt a massive sense of achievement." - Nicki Chapman

"To allow all U.S. workers to put part of their earnings into private investment accounts would definitely erode the Social Security system and cause uncertainty for new investors." - Grace Napolitano

"The earnings have been pretty good so far, but there's an ambiguity in the market about them, because you'll see Amazon or Microsoft disappointing and then others beating." - Hugh S. Johnson

"Takeovers wouldn't cause the stock market to rise unless there is an upward reassessment of earnings (potential). People are more optimistic and confident about the future." - Lawrence Summers

"A typical Ponzi scheme involves taking money from investors, then paying them off with money taken from new investors, rather than paying them from actual earnings." - Amy Goodman

"I have almost no interest in quarterly reports. Running a business or investing in a business based on quarterly earnings doesn't make any sense at all to me." - Gerry Schwartz

"To know whether stocks are cheap or pricey, we typically look at price-to-earnings ratio. Valuation is a tougher question than many folks realize." - Barry Ritholtz

"There's a tacit understanding among clubs that a good player shouldn't miss out on the big break of his career or a chance at exponentially improved earnings." - Tim Howard

"One tax dodge often used by multi-national companies is to squirrel their earnings abroad in foreign subsidiaries located in countries where taxes are lower." - Robert Reich

"I basically have paid for a piano and a flat-screen television completely with my poker earnings. I'm pretty good at it." - Robin Weigert

"Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable." - Warren Buffett

"Liberals believe government should take people's earnings to give to poor people. Conservatives disagree. They think government should confiscate people's earnings and give them to farmers and insolvent banks. The compelling issue to both conservatives and liberals is not whether it is legitimate for government to confiscate one's property to give to another, the debate is over the disposition of the pillage." - Walter E. Williams

"Being captive to quarterly earnings isn't consistent with long-term value creation. This pressure and the short term focus of equity markets make it difficult for a public company to invest for long-term success, and tend to force company leaders to sacrifice long-term results to protect current earnings." - Charles Koch

"My goal is to buy a company at a low multiple to normal earnings power several years out and that the company earns good returns on capital at that level of normal earnings. A holding period of more than one year also works quite well as the factors are persistent in years 2 and 3." - Joel Greenblatt

"I think there's an awful lot of twaddle and bullshit on EVA. The whole game is to turn retained earnings into more earnings. EVA has ideas about cost of capital that make no sense. Of course, if a company generates high returns on capital and can maintain this over time, it will do well. But the mental system as a whole does not work." - Charlie Munger

"If we're concerned about volatility of earnings because we want some more stability in our lives, then let's create, instead of an unemployment insurance system, an earnings insurance system that will moderate the volatility for a certain period of time until we get back on our feet." - Robert Reich

"It's an advantage for both parties to have the other. It also creates good stability of earnings. Our business mix means we have a diversified earnings stream, which is one of the things why we got through the tough times so successfully." - Jamie Dimon

"The big picture is: the main thing you should be concerned about in the future are incremental returns on capital going forward. As it turns out, past history of a good return on capital is a good proxy for this but obviously not foolproof. I think this is an area where thoughtful analysis can add value to any simple ranking/screening strategy such as the magic formula. When doing in depth analysis of companies, I care very much about long term earnings power, not necessarily so much about the volatility of that earnings power but about my certainty of "normal" earnings power over time." - Joel Greenblatt

"Taxation of earnings from labor is on a par with forced labor. Seizing the results of someone's labor is equivalent to seizing hours from him and directing him to carry on various activities." - Robert Nozick

"What is a Communist? One who hath yearnings For equal division of unequal earnings, Idler or bungler, or both, he is willing, To fork out his copper and pocket your shilling." - Ebenezer Elliott

"The union miner cannot agree to the acceptance of a wage principle which will permit his annual earnings and his living standards to be determined by the hungriest unfortunates whom the non-union operators can employ." - John L Lewis

"Inventory discipline across the brands coupled with an outstanding holiday performance at Victoria's Secret led to a 36 percent increase in fourth-quarter earnings per share at Limited Inc.." - Bill Vaughan

"The way that Wall Street works is most people like very steady quarterly earnings, and they like to be very popular instead of unpopular and they don't like to be the nail that sticks up, as they say." - Christopher Galvin

"One-hundred-ten years of history, great diversity, lots of new earnings drivers and I just became a grandpa - twins. And I'm buying JJ, Pfizer and Warner for their future college funds." - David O. Sacks

"Many stock options in the corporate world have worked in exactly that fashion: they have gained in value simply because management retained earnings, not because it did well with the capital in its hands." - Warren Buffett

"I love advertising because I love lying. I think spending your life trying to dupe innocent people out of hard-won earnings to buy useless, low-quality, misrepresented items and services is an excellent use of your energy." - Jerry Seinfeld

"Thrift is that habit of character that prompts one to work for what he gets, to earn what is paid him; to invest a part of his earnings; to spend wisely and well; to save, but not hoard." - Neville Chamberlain

"No other depositories of power [but the people themselves] have ever yet been found, which did not end in converting to their own profit the earnings of those committed to their charge." - Thomas Jefferson

"History is only a tiresome repetition of one story. Persons and classes have sought to win possession of the power of the State in order to live luxuriously out of the earnings of others" - William Graham Sumner

"While women certainly have made great strides toward pay parity in the past 30 years, there is still a gap in earnings between men and women in equivalent professions." - Ginny Brown-Waite

"Im very disappointed that we missed our (earnings per share) growth target this quarter due to the confluence of a number of issues that we now understand and are urgently addressing. I accept full responsibility for the shortfall." - Carly Fiorina

"I became bold because I had absolutely nothing to lose: neither honors, nor earnings, nor friends. I had to find myself anew and rely only on myself, because I could rely on no one else. My form is my solitude." - Witold Gombrowicz

"[W]e have a lot of evidence on what happens when you raise the minimum wage. And the evidence is overwhelmingly positive: Hiking the minimum wage has little or no adverse effect on employment while significantly increasing workers' earnings." - Paul Krugman

"Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family." - George S. Clason

"During my early days as a sportsman and early career as a policeman, things were tight. In athletics I competed as an amateur and, although I might have received some expenses, very little came my way in earnings." - Geoff Capes

"Budget thy expenses that thou mayest have coins to pay for thy necessities, to pay for thy enjoyments, and to gratify thy worthwhile desires without spending more than nine-tenths of thy earnings." - George S. Clason

"We invest in undervalued companies that exhibit strong fundamentals, above-market dividend yields and historic earnings growth, which our analysis indicates will persist. Our strategy is to own strong, fundamentally sound companies and to avoid speculative stocks or potential bankruptcies." - David Dreman

"I think that the main issue with inequality is not the gap between the rich and the poor. It is the gap between the earnings of top business leaders and the salaries of academics and journalists." - Arnold Kling

"Men make different investments than women do. Women tend to invest more of their earnings than men do in their family's well-being - as much as 10 times more." - Melinda Gates

"You ask, "Could we have an honest discussion about earnings insurance?" I think we could, if people understood that the alternative was to build up a backlash against global capital, against free trade, against technological change." - Robert Reich

"I am now at the age where I can withdraw a 25 per cent tax-free lump sum. I do not put in a set amount because my earnings are a moveable feast." - Anthea Turner

"While women certainly have made great strides toward pay parity in the past 30 years, there is still a gap in earnings between men and women in equivalent professions." - Ginny B. Waite

"People are treated for mental disorders, they go back to work and they earn wages again. We can see how their earnings go up. But how do they feel about themselves and the world? That has a value." - David Blanchflower

"Stone-cutters fighting time with marble, you fore-defeated Challengers of oblivion Eat cynical earnings, knowing rock splits, records fall down, The square-limbed Roman letters Scale in the thaws, wear in the rain." - Robinson Jeffers

"Gary Player and others have said all of us should all give Arnold Palmer a percentage of our earnings because without you there would be no television contracts and without you it wouldn't be as good for anyone." - Charlie Rose

"Annual earnings in the fast-food industry are well below the income needed for self-sufficiency, and fast-food industry jobs are also much less likely than other jobs to provide health benefits." - David Rolf

"When I got my statement in January, I was worth $2.2 billion. Then I got another statement in August that said I was worth $3.2 billion. So I figure it's only nine months' earnings, who cares?" - Ted Turner

"Everybody knows that the federal government promises a lot and delivers damn little, and pays for most of what it does deliver out of the earnings of individuals rather than the profits of great corporations." - Karl Hess

"Because of their low earnings and family obligations, Latinas would not be putting much money into private investment accounts. An average Latina could wind up losing thousands of dollars under this proposal." - Grace Napolitano

"A successful business maximizes the present value of future earnings. The first requirement, therefore, of business success is sustainable profits. One-time winnings, in business as in casinos, are disappointing. We expect more from our investments than that." - Stephen Young

"To encourage more top-caliber students to choose teaching, teachers should be paid a lot more, with starting salaries more in the range of $60,000 and potential earnings of as much as $150,000." - Arne Duncan

"I realize what it means to be financially comfortable, and I want to be that. But I'm lucky enough to be in that position. And I'm also careful. I save 38 percent of my earnings after expenses, before taxes." - David Duval

"The old man sold beer after hours on weekends. And that was something that he probably did to top up his earnings as a truck driver. Mum was the traditional housewife. Loving, caring, sharing - always the keynotes of the family." - Lindsay Fox

"The value that some analysts put on revenue vs. what they put on profit is out of whack. If you can grow real cash earnings, that's 80% of what you ought to do, and the revenue component is 20%." - Louis V Gerstner Jr

"Rising interest rates are considered bad for stocks because they raise the cost of doing business and depress corporate earnings and because higher yields make bonds relatively more attractive than stocks to investors." - Alex Berenson

"Think how weird profit margins are: We've got high unemployment and financial crises - and world record profit margins. People think the American market is very cheap. We don't. The market quite incorrectly gives full credit to today's earnings." - Jeremy Grantham

"China is going to be one of Avon's largest market opportunities. It has a large geographic expanse, with hundreds of thousands of women in small villages really striving to make an earnings opportunity for themselves." - Andrea Jung

"Through good times and bad, American workers and their families have been able to rely on Social Security to provide guaranteed protection against the loss of earnings due to retirement, disability, or death." - Sander Levin

"Business chief executive officers and their boards succumb to the pressures of the financial markets and their fears of takeovers and pour out their energies to produce quarterly earnings - at the expense of building their companies for the long term." - J Irwin Miller

"People forget that although we can pinpoint the price, we can only guess at future earnings. The past isn't much help: It simply tells whether a market was pricey or cheap." - Barry Ritholtz

"Generally, variations in earnings aren't nearly as impactful on glamour growth stocks as are changes in image and, well, sexiness. I often think of glamour stocks as though they are attractive women dressing to the nines." - Kenneth Fisher

"I was offered a choice of a flat salary up front or a percentage of the film's future earnings. I took the up front money. Nobody could have figured what Halloween would ultimately become." - Donald Pleasence

"Xerox's innovative technology and service offerings - delivered through an expanding distribution system with a lean and flexible business model - continue to solidify our market leadership, driving consistently strong earnings performance." - Anne M Mulcahy

"Stock prices relative to company assets are no better at signaling the likelihood of future earnings growth than they were the day the Titanic sank, and risk management is a good deal worse." - Timothy Noah

"I know a lot of celebrity types go for Kabbalah and Scientology. But why pay 10 per cent of your earnings to someone when it's all common sense: treat others as you'd like to be treated yourself." - Gail Porter

"The generosity of the super-rich is sometimes proffered as evidence they're contributing as much to the nation's well-being as they did decades ago when they paid a much larger share of their earnings in taxes." - Robert Reich

"The cyberspace earnings I get from Linux come in the format of having a Network of people that know me and trust me, and that I can depend on in return." - Linus Torvalds

"They still have some money, and they have needs to supply. They must begin immediately to pool their earnings and organize industries to participate in supplying social and economic demands." - Carter G Woodson

"Going public today is fraught with peril on many levels. One is earnings guidance. If you miss guidance, the stock price becomes very volatile. Short sellers can put a tremendous downward pressure on the stock." - Ben Horowitz

"Educating girls just one year beyond the average fourth grade education increases their eventual earnings by 10 to 20 percent. Every additional year of secondary education can increase future wages by 15 to 25 percent." - Gayle Tzemach Lemmon

"Savings is an important tool because it can help the poor deal with the ups and downs of irregular earnings and help them build reserves for a rainy day." - Sylvia Mathews Burwell

"While women certainly have made great strides toward pay parity in the past 30 years, there is still a gap in earnings between men and women in equivalent professions." - Ginny Brownwaite

"Instead of squirreling away your earnings early in your career, spend on experiences that will enrich your life - like diving with great white sharks. It can expose you to influential people who could open doors for you." - Blake Mycoskie

"If you don't like the idea that most of the money spent on lottery tickets supports government programs, you should know that most of the earnings from mutual funds support investment advisors' and mutual fund managers' retirement." - Robert Kiyosaki

"The key is if the economic data stays soft, maybe we don't have to worry much about interest rates anymore. Then we need to worry about earnings. What gave us a really strong move in stock prices from late May until about two weeks ago was this heightened optimism that maybe interest rates are at that high. That gave you a relief rally. Now reality is setting in - if we've seen the worst on interest rates then we've seen the best on earnings." - Douglas Cliggott

"I can remember the time when, if we wanted a house or housing, we relied on private enterprise. In fact, Americans built more square feet of housing per person than any other country on the face of the earth. Despite that remarkable accomplishment, more and more people are coming to believe that the only way we can have adequate housing is to use government to take the earnings from some and give these earnings, in the form of housing, to others." - Leonard Read

"A brother with small earnings may ask,'Should I also give? My earning are already so small that my family can barely make ends meet.' My reply is, 'Have you ever considered that the very reason your earnings remain so small may be because you spend everything on yourself? If God gave you more, you would only use it to increase your own comfort instead of looking to see who is sick or who has no work at all that you might help them." - George Muller

"If drugs were legalized in the US, the Mexican economy would collapse since the earnings from drugs bring in more hard currency than its largest licit source, oil sales. Mexico is a corrupt state that has now become dependent on the earnings on an illegal product. But inevitably, the product will become legal and then Mexico will retain its corruption but must face the needs of its citizens now employed by the drug industry who have become steeped in violence and conditioned to higher incomes." - Charles Bowden

"After careful consideration, we have decided that for our next fiscal year, we'll issue guidance on comparable store used unit sales and on earnings per share only for the full fiscal year. We will no longer issue quarterly guidance. This decision reflects our continuing focus on longer-term store, sales, and earnings growth and on return on invested capital, and our recognition that the performance in shorter-term periods can be more volatile than over the longer term. As we report our quarterly results, we plan to comment on how our performance is tracking against our annual guidance." - Austin Ligon

"I don't save money. Save is a four letter word! I like to borrow money because I can get richer faster on borrowed money. I have what is called retained earnings, so I don't have to save money. If I need money, I will go out and borrow it." - Robert Kiyosaki

"From a rational standpoint, it might be expected that man should be far more willing to express financial confidence in his skills rather than risking his earnings on the mindless meanderings of chance. Experience, however, has strongly indicated the reverse proposition to hold true." - Richard Arnold Epstein