Believe Quote by Eric Schneiderman
“I don't like conflicts of interest; they should be eliminated or disclosed. I believe in transparency: that people have to really not just know but understand what they're buying and selling.”
About This Quote
Source Speech: Transparency in Finance, 2018
Transparency requires both disclosure and true understanding of transactions.
In simple terms: Know and grasp what’s being bought or sold.
Demand clear, comprehensible information.
Themes
Mood
Type
When to use this quote
- investment advice
- consumer contracts
- policy making
Key Concepts
Questions to Reflect On
- What mechanisms ensure genuine comprehension?
- How to balance privacy with openness?
Full understanding is hard to achieve for all parties.