If you went to all those little towns in America, JPMorgan was there in good times and bad times, and, in fact,… — Jamie Dimon Copy Share Image
“firms do not borrow as much to invest when rates are higher and individuals stop buying durable goods against credit and, instead,… — Raghuram G. Rajan Copy Share Image
The scope of activities for payments banks mainly includes acceptance of demand deposits, issuance of ATM/debit cards, payment and remittance services, and… — Chanda Kochhar Copy Share Image
“For example, a supermarket may sell a branded version of a commodity like milk at a 2–3% margin but, by buying competitively… — Greg Thain Copy Share Image
In a bubble, eventually people start saying, 'Wait a minute... these prices are way too high! What is anyone buying anymore? What… — Robert J. Shiller Copy Share Image
If you look around the world and see all the different countries struggling to get away from very low inflation rates with… — Charles L. Evans Copy Share Image
The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of… — Milton Friedman Copy Share Image
“Remember, once you become successful, life can become a little dry—the adventure and danger are reduced. So when a younger version of… — Blake Mycoskie Copy Share Image
“They determine that effective marketing calls for people skilled in segmentation, targeting, and positioning. Once companies hire marketers with those skills, Marketing… — Harvard Business School Press Copy Share Image
[With] closet indexing…you're paying a manager a fortune and he has 85% of his assets invested parallel to the indexes. If you… — Charlie Munger Copy Share Image
The number one idea is to view a stock as an ownership of the business and to judge the staying quality of… — Charlie Munger Copy Share Image
The desire for constant action irrespective of underlying conditions is responsible for many losses on Wall Street even among the professionals, who… — Jesse Lauriston Livermore Copy Share Image
Risk is not inherent in an investment; it is always relative to the price paid. Uncertainty is not the same as risk.… — Seth Klarman Copy Share Image
Countries are not like financial markets. Social change cannot be executed as swiftly as credit-default swaps. You cannot sell short on social… — George Papandreou Copy Share Image
Takeovers wouldn't cause the stock market to rise unless there is an upward reassessment of earnings (potential). People are more optimistic and… — Lawrence Summers Copy Share Image
“Whether it is in the way you walk, talk, dress, or behave, your personal brand impacts how people react and respond to… — Susan C. Young Copy Share Image
If you're successful in the market, it should be because you have the best products. Then your customers like you, not because… — Margrethe Vestager Copy Share Image
I bet taxpayers remember providing more than $812 billion to Citigroup and Bank of America, two Wall Street banks, in 2009 to… — John Kennedy Copy Share Image
Investors should be cautiously positioned as the global economy and markets face major uncertainties. The downgrade will be a further headwind to… — Mohamed El-Erian Copy Share Image
I think that is a very important milestone in our economic history that the monetary policy is now determined through a committee… — Urjit Patel Copy Share Image
As I said before, a big part of my strategy says - and the management team I think is in agreement with… — Sanjay Kumar Copy Share Image
“So now as always you could get AAA ratings, not for subprime mortgages, obviously bad, but for submarine mortgages, clearly much better!… — Kim Stanley Robinson Copy Share Image
If you call one thing good, you must call its opposite bad. If you think it wonderful to make a big profit… — Vernon Howard Copy Share Image
In the next economic downturn there will be an outbreak of bitterness and contempt for the supercorporate chieftains who pay themselves millions.… — Peter Drucker Copy Share Image
“The Economist wrote that the Fed was “taking the unprecedented (and, some say, disturbing) step of financing up to $30 billion of… — Danielle DiMartino Booth Copy Share Image
Black-Scholes works for short-term options, but if it's a long-term option and you think you know something [about the underlying asset], it's… — Charlie Munger Copy Share Image
Growing your own business is great. Watching your ideas come to life, taking care of new customers and watching them become repeat… — Michael Gerber Copy Share Image
There's a good argument to be made that companies that are private, where they're run by partnerships, where everybody has true stake… — Andrew Ross Sorkin Copy Share Image
At Uber, we say, 'Always be hustling.' Even if you are an introvert and you haven't got hustle in you, you better… — Travis Kalanick Copy Share Image
'Too big to fail' is fine for restaurant chains. If Denny's fails, it's fine for this economy. You can always go down… — Bill Foster Copy Share Image
When a stock doubles, sell half - then what you have is a free position. Then it becomes more of an art… — Peter Cundill Copy Share Image
The ability to change one's mind is probably a key characteristic of the successful investor. Dogmatic and rigid personalities rarely, if ever,… — Jack D. Schwager Copy Share Image
I wouldn't want to even try to begin to describe our customer, as I think she likes a certain amount of anonymity.… — Phoebe Philo Copy Share Image
“They don't try to trade 'reality', they try to trade other people's perceptions of reality. If a market is dominated by enough… — Brett Scott Copy Share Image
You're having government spending on the economy being cut almost everywhere. That means that the only source of spending for growth has… — Michael Hudson Copy Share Image
After the 1929 crash, the Federal Reserve mistakenly focused its policies on preserving the gold value of the dollar rather than on… — Ben Bernanke Copy Share Image
Many LBOs are man-made disasters. When the price paid is excessive, the equity portion of an LBO is really an out-of-the-money call… — Seth Klarman Copy Share Image
“Every dominant brand (such as those listed in Table 5.1) has had to reinvest in mindspace every year to keep its position.… — Greg Thain Copy Share Image
Every time the Fed implements 'quantitative easing,' a.k.a. printing more money, two things go up: taxes and inflation. When taxes and inflation… — Robert Kiyosaki Copy Share Image
It is important for investors to understand what they do and don't know. Learn to recognize that you cannot possibly know what… — Barry Ritholtz Copy Share Image
![“[With] closet indexing…you're paying a manager a fortune and he has 85% of his assets invested parallel to the indexes. If you have such a system, you're being played for a sucker.” quote by Charlie Munger](https://sms4smile.com/q/i/9d9/charlie-munger-458_assets_with-closet-indexing-you-re-paying-a-man_3084217.jpg)
![“Black-Scholes works for short-term options, but if it's a long-term option and you think you know something [about the underlying asset], it's insane to use Black-Scholes.” quote by Charlie Munger](https://sms4smile.com/q/i/491/charlie-munger-458_assets_black-scholes-works-for-short-term-optio_947554.jpg)
