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Valuation Quotes


"Man rarely places a proper valuation upon his womankind, at least not until deprived of them." - Jack London

"The world is terribly apt to take people at their own valuation." - Amelia B. Edwards

"Nothing turns off an investor more than when an entrepreneur comes in with a ridiculous valuation." - Kevin Harrington

"In market valuation, Yahoo is worth about as much Walt Disney and the News Corporation combined." - Alex Berenson

"Asset values and earning power are the dominant factors affecting the valuation of a controlling interest in a business. Market price, which governs valuation of minority interest positions, is of little or no importance in valuing a controlling interest." - Warren Buffett

"WhatsApp will bring Facebook another billion users. We will be a billion-user product. Whether there is a direct valuation or an indirect valuation, there is value, and Facebook understands that well." - Brian Acton

"Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation." - Warren Buffett

"I have never compromised on fundamentals. I've always believed in focusing on creating value and not valuation." - Bhavin Turakhia

"I am not naive enough to settle for anything less than a reasonable valuation of my worth." - Roy Keane

"Valuation is vague and arbitrary, when there is no assurance that it will be generally acquiesced in by others." - Jean-Baptiste Say

"Bubbles are best identified by credit excesses, not valuation excesses. And there's no bigger credit excess than in China." - James Chanos

"As every bookie knows instinctively, a number such as reliability - a qualitative rather than a quantitative measure - is needed to make the valuation of information practically useful." - Hans Christian von Baeyer

"We are not so brazen as to believe that we can perfectly calibrate valuation; determining risk and return for any investment remains an art not an exact science" - Seth Klarman

"Science without philosophy, facts without perspective and valuation, cannot save us from havoc and despair. Science gives us knowledge, but only philosophy can give us wisdom." - Will Durant

"It's simply to say that managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation." - Warren Buffett

"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

"It's a complex fate, being an American, and one of the responsibilities it entails is fighting against a superstitious valuation of Europe." - Henry James

"Groupon looked like a very high valuation, but any investment in a great company at any stage is almost always a good investment." - Ben Horowitz

"This sentiment of self-contempt is a frequent one in young people of both sexes. Their valuation of themselves varies as much as the barometer, and is as much affected by outward causes." - Humphry Davy

"The ideal form of common stock analysis leads to a valuation of the issue which can be compared with the current price to determine whether or not the security is an attractive purchase." - Benjamin Graham

"Tell me what a person finds sexually attractive and I will tell you their entire philosophy of life. Show me the person they sleep with and I will tell you their valuation of themselves." - Ayn Rand

"Never compromise on hiring the best talent. Build value, not valuation. We have never used tactics like giving discounts, cashback to make customers use our product. This way no one can create a sustainable business." - Bhavin Turakhia

"It is a good idea sometimes to think of the importance and dignity of our every-day duties. It keeps them from being so tiresome; besides, others are apt take us at our own valuation." - Laura Ingalls Wilder

"The more evident it is that a certain company is going to become the market leader in a big market space, then the higher the valuation goes because the risk has been dramatically reduced." - Audrey Maclean

"The dreamer's valuation of a thing lost - not another man's - is the only standard to measure it by, and his grief for it makes it large and great and fine, and is worthy of our reverence in all cases." - Mark Twain

"Private enterprise in the history of civilization has never led large, expensive, dangerous projects with unknown risks. That has never happened because when you combine all these factors, you cannot create a capital market valuation of that activity." - Neil Degrasse Tyson

"The stronghold of the contemplation of Christ's glory affords the soul rest, for it will be made evident that our troubles grow on the root of an over-valuation of temporal things. The mind is its own greatest troubler." - John Owen

"I don't care if Facebook's valuation goes to one gillion. It can go so high we have to make up numbers. It is still not a bubble because there is still not another Facebook in the pipeline." - Sarah Lacy

"The great shift ... is the movement away from the value-laden languages of ... the "humanities," and toward the ostensibly value-neutral languages of the "sciences." This attempt to escape from, or to deny, valuation is ... especially important in psychology ... and the so-called social sciences. Indeed, one could go so far as to say that the specialized languages of these disciplines serve virtually no other purpose than to conceal valuation behind an ostensibly scientific and therefore nonvaluational semantic screen." - Thomas Szasz

"Since World War II, Japan has spawned enormous numbers of new religions featuring the supernatural.... In Thailand, diseases are treated with pills manufactured from pulverized sacred Scripture. Witches are today being burned in South Africa.... The worldwide TM [Transcendental Meditation] organization has an estimated valuation of $3 billion. For a fee, they promise to make you invisible, to enable you to fly." - Carl Sagan

"He who acts under an emotional impulse also acts. What distinguishes an emotional action from other actions is the valuation of input and output. Emotions disarrange valuations. Inflamed with passion, man sees the goal as more desirable and the price he has to pay for it as less burdensome than he would in cool deliberation." - Ludwig Von Mises

"Having ones image, and effectively, life, democratized, dehumanizes and sometimes objectifies it into an entertainment product. What sort of valuation of the ego would one have once youve let it been preyed upon by the public for years and years? Perhaps, it becomes truly just skin and bones." - Jack Gleeson

"I do not believe that a moral philosophy can ever be founded on a scientific basis. ... The valuation of life and all its nobler expressions can only come out of the soul's yearning toward its own destiny. Every attempt to reduce ethics to scientific formulas must fail. Of that I am perfectly convinced." - Albert Einstein

"I do not believe that a moral philosophy can ever be founded on a scientific basis. ... The valuation of life and all its nobler expressions can only come out of the soul's yearning toward its own destiny. Every attempt to reduce ethics to scientific formulas must fail. Of that I am perfectly convinced." - Albert Einstein

"The conception of perfect service is constantly expanding and must be handled by broad and liberal minded men who put equity and fairness above gain-who put a proper valuation upon a satisfied customer as an asset running into the thousands of dollars, and who love a job thoroughly well done and get a kick out of doing it." - Alvan Macauley

"The boom was healthy too, even with its excesses. Because what this incredible valuation craze did was draw untold sums of billions of dollars into building the Internet infrastructure. The hundreds of billions of dollars that got invested in telecommunications, for example." - Andy Grove

"Money values do not simply mirror the state of affairs in the real world; valuation is a positive act that makes an impact on the course of events. Monetary and real phenomena are connected in a reflexive fashion; that is, they influence each other mutually. The reflexive relationship manifests itself most clearly in the use and abuse of credit." - George Soros

"Selling, in particular, can be a challenge; many investors are tempted to become more optimistic when a security is performing well. This temptation must be resisted; tax considerations aside, when a security reaches full valuation, there is no longer a reason to own it." - Seth Klarman

"The latest trade of a security creates a dangerous illusion that its market price approximates its true value. This mirage is especially dangerous during periods of market exuberance. The concept of "private market value" as an anchor to the proper valuation of a business can also be greatly skewed during ebullient times and should always be considered with a healthy degree of skepticism." - Seth Klarman

"A conventional valuation which is established as the outcome of the mass psychology of a large number of ignorant individuals is liable to change violently as the result of a sudden fluctuation of opinion due to factors which do not really make much difference to the prospective yield; since there will be no strong roots of conviction to hold it steady." - John Maynard Keynes

"I feel like it's important to be forthright about equality. If you're doing the same work, you should get the same amount of money, and you should get the same respect. It's about valuation. It's about not being afraid to ask for those things." - Anna Gunn

"They [Chinese] have very smart, experienced people. I don't want to paint them all with the same brush. There was a little bit of a feeling that the stock market, which went from something like $4 trillion in valuation to $10 trillion, that the Chinese wanted that." - Jamie Dimon

"If you have information that a company is not as good as its stock market valuation, you don't have a way to sell that stock unless you already own it. And so that information doesn't get incorporated in the company's stock price as fast if you don't allow short selling." - Robert F. Engle

"those who made their own origami animals valued their creation five times higher than the second group's valuation, and nearly as high as the expert-made origami values (figure 29). In other words, those who invested labor associated greater value with their paper creations simply because they had worked on them. Ariely calls this the 'IKEA effect.
" - Hooked

"And how have I lived? Frankly and openly, though crudely. I have not been afraid of life. I have not shrunk from it. I have taken it for what it was at its own valuation. And I have not been ashamed of it. Just as it was, it was mine." - Jack London

"There's a certain degree of speculation that goes into valuations. In so far as the market supports a valuation, everyone who gets a great one deserves it, but they should also be cautious because that speculation is temporary. I saw Yahoo go from $100 billion to $10 billion. It's not a long-term measure." - Brian Acton

"Having one's image, and effectively, life, democratized, dehumanizes and sometimes objectifies it into an entertainment product. What sort of valuation of the ego would one have once you've let it been preyed upon by the public for years and years? Perhaps, it becomes truly just skin and bones." - Jack Gleeson

"The true end users of Facebook are the marketers who want to reach and influence us. They are Facebook's paying customers; we are the product. And we are its workers. The countless hours that we - and the young, particularly - spend on our profiles are the unpaid labor on which Facebook justifies its stock valuation." - Douglas Rushkoff

"The hallucination of separateness prevents one from seeing that to cherish the ego is to cherish misery. We do not realize that our so-called love and concern for the individual is simply the other face of our own fear of death or rejection. In his exaggerated valuation of separate identity, the personal ego is sawing off the branch on which he is sitting, and then getting more and more anxious about the coming crash!" - Alan Watts

"Nature always takes you at your own valuation. Believe you are the child of God-really believe it. Believe that you express Divine Life, Divine Truth, and Divine Love. Believe that Divine Wisdom guides you. Believe that God is your supply. Believe that God is helping and blessing humanity through you. Believe that you are a special enterprise on the part of God and that he is opening your way-and what you really believe, that you will demonstrate." - Emmet Fox

"We need to put a price on carbon, and that's what cap-and-trade does and that's also what a CO2 tax does. As long as our current valuation in the marketplace tells us every minute of every day that it's perfectly all right to dump 90 million tons of global warming into the thin atmosphere surrounding the planet every 24 hours as if that atmosphere is an open sewer, then the individual actions are not going to solve the problem." - Al Gore

"Value God and his love more than all the world, though there were millions of them. He valued you before the world, and therefore is beforehand with you in his love. He not only loved you from everlasting, (whereas your love is but of yesterday,) but in the valuation of it, he loved you before all worlds, and preferred you to all worlds: though you loved the world first, before you loved him." - Thomas Goodwin

"Beware leverage in all its forms. Borrowers - individual, corporate, or government - should always match fund their liabilities against the duration of their assets. Borrowers must always remember that capital markets can be extremely fickle, and that it is never safe to assume a maturing loan can be rolled over. Even if you are unleveraged, the leverage employed by others can drive dramatic price and valuation swings; sudden unavailability of leverage in the economy may trigger an economic downturn." - Seth Klarman

"Allowing short selling is allowing people to sell - instead of having to buy the stock and then sell it, which doesn't do much; allow them to sell it, and then buy it. In which case they can express that information and the idea is that you would get more accurate valuation of companies by letting people express both their positive information and their negative information through either long or short selling." - Robert F. Engle

"But these dear boys and girls-there is, something to be made out of them. If now they yield themselves to Christ they may have a long, happy, and holy day before them in which they may serve God with all then hearts. Who knows what glory God may have of them? Heathen lands may call them blessed. Whole nations may be enlightened by them. O brethren and sisters, let us estimate children at their true valuation, and we shall not keep them back, but we shall be eager to lead them to Jesus at once." - Charles Spurgeon

"Its [the anthropological method] power to make us understand the roots from which our civilization has sprung, that it impresses us with the relative value of all forms of culture, and thus serves as a check to an exaggerated valuation of the standpoint of our own period, which we are only too liable to consider the ultimate goal of human evolution, thus depriving ourselves of the benefits to be gained from the teachings of other cultures and hindering an objective criticism of our own work." - Franz Boas

"When sex desire arises, one simply pays total attention to it, not judging, not saying this is good or bad not saying this is evil, not saying that this is a provocation from the devil. No - no evaluation at all because all valuation belongs to the mind and witnessing is not of the mind. Good, bad - distinctions all belong to the mind, and the witnessing is undivided, one. It is neither good nor bad, it simply is. One pays attention to hunger or to the sex desire, total attention - and total attention is such an energy, it is fire-the hunger simply is burned, the sex desire is simply burned." - Rajneesh

"Investing is the intersection of economics and psychology. The analysis is actually the easy part. The economics, the valuation of the business isn't that hard. The psychology - how much do you buy, do you buy it at this price, do you wait for a lower price, what do you do when it looks like the world might end - those things are harder. Knowing whether you stand there, buy more, or whether something has legitimately gone wrong and you need to sell, those are harder things. That you learn with experience, by having the right psychological makeup." - Seth Klarman

"The essence of the this-time-is-different syndrome is...rooted in the firmly held belief that financial crises are things that happen to other people in other countries at other times; crises do not happen to us, here and now. We are doing things better, we are smarter, we have learned from past mistakes. The old rules of valuation no longer apply. Unfortunately, a highly leveraged economy can unwittingly be sitting with its back at the edge of a financial cliff for many years before chance and circumstance provoke a crisis of confidence that pushes it off." - Carmen Reinhart

"The stock market has gone up and if you are stock picking, that's fine, you may do a bit better than the market. But if you want to play in another game where you can get rapid increases of value and so on and so forth, this apparently has become the new parlour game, to invest in these companies and many their cases, the private equity that has been piling in onto of the venture capital is creating the unicorn, in other words the company with the $1 billion valuation." - Kevin Kinsella