45 Quotes by Andrew Tobias

There are only two things as complicated as insurance accounting and I have no idea what they are.

There were no jobs created in America from 1945, when the war ended, through 2003. How could there be? Taxes were too high. Preposterously so under Eisenhower, Kennedy, Nixon, Reagan (who left office with a 28 percent rate on long-term capital gains) and Bush the Elder.

What kind of bank gives back 65 percent-often less-of what you deposit? Indeed, when you compare the services of a bank and an insurance company, common sense suggests something is out of whack.

People don't need to find reasons to justify their not giving. What they need to find is the inspiration to give. And those who don't, but could afford to, are missing out on one of wealth's greatest luxuries.

But successful investors tend to be not too self-destructive. They tend to be patient, they tend not to follow the crowd, and they tend not to be too guilty about winning.

No wonder lawyers, who control the legal system, have fought so hard, and with great success, against "no fault" insurance. No fault, no lawsuits. No lawsuits, no lunch.

It's complete freedom of expression, almost instant gratification, ... No two-month delay until your magazine article appears or nine-month delay until the book comes out - and almost instant feedback. I have thousands of terrific readers, and I learn at least as much from them as they do from me.

I hope it will make them a lot more confident about money - and a lot less susceptible to foolish mistakes that could part them from it.

There’s no such thing as altruism.