“Non-dividend-paying growth stocks can be attractive but should be viewed as speculation rather than investing.”

—  Peter D. Schiff

Quotes from Crash Proof (2006)

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Non-dividend-paying growth stocks can be attractive but should be viewed as speculation rather than investing." by Peter D. Schiff?
Peter D. Schiff photo
Peter D. Schiff 40
American entrepreneur, economist and author 1963

Related quotes

Peter D. Schiff photo

“Stocks that are selected conservatively and pay high cash dividends [higher than bonds] are, in fact, my favorite investment alternative, especially where there is the prospect of currency profits….”

Peter D. Schiff (1963) American entrepreneur, economist and author

Quotes from Crash Proof (2006)

“If profits are a condition of successful growth, but profits are sought primarily for the sake of the firm, that is, to reinvest in the firm rather than to reimburse owners for the use of their capital or their 'risk bearing,' then, from the point of view of investment policy, growth and profits become equivalent as the criteria for the selection of investment programmes.”

Edith Penrose (1914–1996) economist

Source: The Theory of the Growth of the Firm, 1959, p. 30

Prince Philip, Duke of Edinburgh photo

“It seems to me that it's the best way of wasting money that I know of. I don't think investments on the moon pay a very high dividend.”

Prince Philip, Duke of Edinburgh (1921) member of the British Royal Family, consort to Queen Elizabeth II

On the U.S. Apollo program, press conference in Sao Paulo, Brazil (November 1968) as quoted in The Reality of Monarchy (1970) by Andrew Duncan
1960s

Rob Enderle photo

“[Hedge fund investment] is likely behind the very different behavior you are seeing in companies like HP and Apple this decade. A severe lack of new products or compelling offerings, but a lot of increases in dividends, stock buybacks, layoffs, plant closings, executive departures and divestitures. These firms aren't investing in the future they are constantly trying to assure their stock is propped up and the value increases.”

Rob Enderle (1954) American financial analyst

Is the end of the U.S. tech market upon us? http://cio.com/article/3075957/it-industry/is-the-end-of-the-u-s-tech-market-upon-us.html in CIO (27 May 2016)

Laura Bush photo

“Every child in American should have access to a well-stocked school library. … An investment in libraries is an investment in our children's future.”

Laura Bush (1946) First Lady of the United States from 2001 to 2009

As quoted in Biography Today : Profiles of People of Interest to Young Readers, Vol. 12, Issue 2 : Laura Bush by Joanne Mattern (2003), p. 34

“Selfish men make the best lovers. They're prepared to invest in the women's pleasures so that they can collect an even bigger dividend for themselves.”

J. G. Ballard book Cocaine Nights

"Paula Hamilton"
Cocaine Nights (1996)

Ben Carson photo

“Once in a while, when it comes to taking risks, youthful naivete pays better dividends than do knowledge and experience.”

Ben Carson (1951) 17th and current United States Secretary of Housing and Urban Development; American neurosurgeon

Source: Take The Risk (2008), p. 86

“We know that investment causes growth. But it is also true that growth causes investment.”

Jim Stanford (1961) Canadian economist

Part 3, Chapter 12, Investment and Growth, p. 144 (See also: Government spending.)
Economics For Everyone (2008)

“In other words, since you cannot successfully time the market or select individual stocks, asset allocation should be the major focus of your investment strategy, because it is the only factor affecting your investment risk that you can control.”

William J. Bernstein (1948) economist

Source: The Four Pillars of Investing (2002), Chapter 4, The Perfect Portfolio, p. 108.

Didier Sornette photo

“Only a faster-than-exponential stock market growth makes private investors feel richer.”

Didier Sornette (1957) French scientist

Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 10, 2050: The End Of The Growth Era?, p. 375
Context: In order to have a continuing influence, the stock market has to continue rising at an accelerating pace faster than exponential. Only a faster-than-exponential stock market growth makes private investors feel richer.

Related topics