Quotes About Financial Statements

#1. Year-end financial statements ... express a truth about office life which is no less irrefutable yet also, in the end, no less irrelevant or irritating than an evolutionary biologist's proud reminder that the purpose of existence lies in the propagation of our genes.

Alain De Botton

#2. A board of directors that cannot produce reliable audited financial statements for almost seven years simply should not remain in office.

Dilip Shanghvi

#3. I call it the Rule of Three. If you read a company's financial statements three times, and you still can't figure out how they make their money, that's usually for a reason.

James Chanos

#4. Trust-me companies are companies whose financial results gallop ahead of their businesses, companies with seemingly perfect control over their quarterly sales and profits. Companies whose financial statements are loaded with footnotes: companies that short-sellers often attack but rarely dent.

Alex Berenson

#5. Some companies use off-balance-sheet partnerships to raise money or to buy assets without ever telling their shareholders in their financial statements.

Alex Berenson

#6. Should the basic financial statements refer to the SI? No. The basic financial statements should not refer to or report on the supplementary information.

Charles Hall

#7. After nearly making a terrible mistake not buying See's, we've made this mistake many times. We are apparently slow learners. These opportunity costs don't show up on financial statements, but have cost us many billions.

Charlie Munger

#8. Creating a complete picture of a company financial health, by looking at periodic financial statements, is like turning a hamburger into a cow

Don Tapscott

#9. You have more independent eyes scrutinizing the decision-making and financial statements of companies.

Steve Odland

#10. Since mistakes of omission don't appear in the financial statements, most people don't pay attention to them. We rub our noses in mistakes of omission - as we just did.

Charlie Munger

#11. If you don't have regular and accurate financial statements, you're driving your business 100 miles an hour down a one-way street the wrong way, at night, in the fog, without lights.

Jim Blasingame

#12. After watching Taro reach the brink of bankruptcy, seeing their shares delisted from trading, hearing endless false promises about receiving audited financial statements, and witnessing an unchecked drain of company resources, the shareholders have clearly had enough.

Dilip Shanghvi

#13. These financial statements are compiled using information found in the general ledger, which is, essentially, the collection of all of a business's journal entries.

Mike Piper

#14. The Federal Reserve ranks among the most transparent central banks. We publish a summary of our balance sheet every week. Our financial statements are audited annually by an outside auditor and made public. Every security we hold is listed on the website of the Federal Reserve Bank of New York.

Janet Yellen

#15. A small but noteworthy note. I've seen so many young men over the years who think they're running at other young men. They are not. They are running at me.

Markus Zusak

#16. Things which don't shift and grow are dead things.

Leslie Marmon Silko

#17. If our love is only a will to possess, it is not love.

Thich Nhat Hanh

#18. I'm very influenced by the circus. A lot of the dreams that I have, I'm in the circus.

Jeff Mangum

#19. I'm interested in illuminating the enormous disparity between vast poverty and the tiny upper class ... This vast inequity is unfair by definition, and I am interested in illuminating that and, where possible, changing that.

Nick McDonell

#20. Even the financial disclosure statements that political bloggers were required to post hadn't stemmed the suspicion that people's opinions weren't really their own. "Who's paying you?" was a retort that might follow any bout of enthusiasm, along with laughter - who would let themselves be bought?

Jennifer Egan

#21. The insurance companies do not refer to the key policy rate when they send their statements. We can only control that rate. Long-term interest rates are determined largely by global financial markets.

Mario Draghi

#22. Market values are fixed only in part by balance sheets and income statements; much more by the hopes and fears of humanity; by greed, ambition, acts of God, invention, financial stress and strain, weather, discovery, fashion and numberless other causes impossible to be listed without omission.

Gerald M. Loeb