“[A] balance sheet is a snapshot of one moment in time, and thus presents a very limited view... To be a good banker, therefore, a business is much more than its balance sheet.”

— Henry Kaufman

On Money and Markets (2000)

Adopted from Wikiquote. Last update June 10, 2022. History

Help us to complete the source, original and additional information

Do you have more details about the quote "[A] balance sheet is a snapshot of one moment in time, and thus presents a very limited view... To be a good banker, th…" by Henry Kaufman?

Henry Kaufman 5

American economist 1927

Related quotes

“We will reject interesting opportunities rather than over-leverage our balance sheet.”

Warren Buffett (1930) American business magnate, investor, and philanthropist

Berkshire Hathaway Inc.: An Owner's Manual (1999)
Letters to Shareholders (1957 - 2012)

“The 'black armband' view of our history reflects a belief that most Australian history since 1788 has been little more than a disgraceful story of imperialism, exploitation, racism, sexism and other forms of discrimination. I take a very different view. I believe that the balance sheet of our history is one of heroic achievement and that we have achieved much more as a nation of which we can be proud of than which we should be ashamed.”

John Howard (1939) 25th Prime Minister of Australia

1996 Sir Robert Menzies Lecture

“In most cases the favorable price performance will be accompanied by a well-defined improvement in the average earnings, in the dividend, and in the balance-sheet position. Thus in the long run the market test and the ordinary business test of a successful equity commitment tend to be largely identical.”

Benjamin Graham (1894–1976) American investor

Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter II, The Investor and Stock-Market Fluctuations, p. 25

“Three in the morning. I realize this second, then this one, then the next: I draw up the balance sheet for each minute. And why all this? Because I was born. It is a special type of sleeplessness that produces the indictment of birth.”

Emil M. Cioran book The Trouble With Being Born

The Trouble With Being Born (1973)

“On balance Mao did more good than harm.”

Diane Abbott (1953) British Labour Party politician

On BBC One's This Week during a debate over who was the history's worst dictator. http://www.huffingtonpost.co.uk/2015/11/27/diane-abbott-said-on-balance-mao-did-more-good-than-harm_n_8660910.html (27/11/2015)
2010s, 2015

“What we need is a concept of "gross national cost." Life is a balance sheet, not simply economic growth. It is income and outgo. And until we know what the cost of growth is we will continue to operate under an illusion.”

Charles A. Reich (1928–2019) American lawyer

The Liberals' Mistake (1987)
Context: What we need is a concept of "gross national cost." Life is a balance sheet, not simply economic growth. It is income and outgo. And until we know what the cost of growth is we will continue to operate under an illusion. As long as we consider only the growth of goods and ignore the growth of personal and community well-being, we will be impoverished by growth. That is what is happening in our society today.

“The white sheet of repentance is a very poor substitute for a mainsail.”

David Lloyd George (1863–1945) Former Prime Minister of the United Kingdom

On the reunion of the Liberal Party; speech to the Oxford University New Reform Club (22 June 1923), quoted in John Campbell, Lloyd George: The Goat in the Wilderness, 1922–1931 (1977), p. 69
Leader of the National Liberal Party

“The disastrous feature of our civilization is that it is far more developed materially than spiritually. Its balance is disturbed”

Albert Schweitzer (1875–1965) French-German physician, theologian, musician and philosopher

Kulturphilosophie (1923), Vol. 2 : Civilization and Ethics
Context: The disastrous feature of our civilization is that it is far more developed materially than spiritually. Its balance is disturbed … Now come the facts to summon us to reflect. They tell us in terribly harsh language that a civilization which develops only on its material side, and not in the sphere of the spirit … heads for disaster.

“I have always had more dread of a pen, a bottle of ink, and a sheet of paper than of a sword or pistol.”

Alexandre Dumas book The Count of Monte Cristo

Source: The Count of Monte Cristo

“Why make so much of fragmentary blue
In here and there a bird, or butterfly,
Or flower, or wearing-stone, or open eye,
When heaven presents in sheets the solid hue.”

Robert Frost (1874–1963) American poet

" Fragmentary Blue http://www.ketzle.com/frost/fragblue.htm", st. 1 (1923)
1920s

“[A] balance sheet is a snapshot of one moment in time, and thus presents a very limited view... To be a good banker, therefore, a business is much more than its balance sheet.”

Help us to complete the source, original and additional information

Henry Kaufman 5

Related quotes

Related topics