Business Quote by Dan Gilbert
“We never did these kinds of loans that really started this mess, the subprime loans. We just never got into that business. We were enticed a lot of times to do so by a lot of Wall Street-type players, but I, frankly, never understood some of this stuff.”
About This Quote
Source Interview: The Science of Decision Making, 2015
The speaker claims they never engaged in subprime lending, though they were repeatedly tempted by Wall Street influences, and admits a lack of understanding of the complexities involved.
In simple terms: They say they avoided risky loans but were often enticed and confused.
Key Takeaway
Seek deeper financial literacy and resist external pressures.
Themes
finance
ethics
decision making
risk
knowledge
Mood
cautious
analytical
inquisitive
Type
financial
ethical
educational
When to use this quote
- personal investing
- corporate policy
- regulatory compliance
Key Concepts
behavioral economics
financial literacy
industry pressure
Questions to Reflect On
- What steps can individuals take to understand complex financial products?
- How can industries ensure better transparency?
A Different Perspective
Admitting ignorance may not absolve responsibility.
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