1930s Quote by Charlie Munger

What's fascinating . . .is that you could now have a business that might have been selling for $10 billion where the business itself…

— Charlie Munger

“The sudden introduction of these magic mortgage bonds into the marketplace pushed most every major institutional investor in the world to suddenly become consumed…

— Matt Taibbi

“Mortgages were less about getting people into property than getting them into debt. Someone had to absorb the surplus supply of credit.”

— Douglas Rushkoff

“Because the lenders sold many—though not all—of the loans they made to other investors, in the form of mortgage bonds, the industry was also…

— Michael Lewis

“The escalation of home prices that had allowed refinancing to pay off more debt had stopped. With a decline in housing prices, overleveraged borrowers…

— Patricia Crisafulli

I had begun to worry about the housing market back in 2003, when lenders first resurrected interest-only mortgages, loosening their credit standards to generate…

— Michael Burry

In the 1920s you could buy stocks on margin. You could put 10 percent down and borrow the rest against your stocks.

— Ron Chernow

Everyone said, 'You can't lose money in real estate, because they're not making any more of it.' Hmmmm. Where did everyone go wrong?

— Jane Bryant Quinn

I think a lot of people were under the impression that property development was a way of becoming a millionaire in six months, while…

— Sarah Beeny

We've always been modestly leveraged, and we've never believed in a great deal of leverage on either our private equity business or on our…

— Warren Stephens