F Wall Street Quotes

“Or, you can simply tell people that you don’t care what happens in the markets—that you own businesses that grow regardless of where the S&P 500 closes. Then, change the subject. You know you will retire rich. You don’t have to talk about it.”
― Joel Ponzio, F Wall Street: Joe Ponzio's No-Nonsense Approach to Value Investing For the Rest of Us

“The success of a business hinges entirely on its ability to generate cash. If a business cannot generate enough cash to grow, or at least sustain its operations, it has to save its behind by borrowing money, selling more stock, or shedding assets—none of which are good for investors.”
― Joel Ponzio, F Wall Street: Joe Ponzio's No-Nonsense Approach to Value Investing For the Rest of Us