Bankrupt Quote by Ted Waitt
“The first thing I got was a jet. And it's the last thing I'd get rid of if I go bankrupt.”
About This Quote
Source Interview: Tech Entrepreneur Podcast, 2019
He values his jet as a symbol of success and a non‑negotiable asset, even in financial hardship.
In simple terms: He would keep his jet no matter what.
Key Takeaway
Identify assets that truly matter to you.
Themes
status
wealth
risk tolerance
personal values
Mood
reflective
pragmatic
Type
personal finance
lifestyle
When to use this quote
- bankruptcy planning
- luxury asset management
- personal finance
- risk assessment
Key Concepts
Asset attachment
financial resilience
Questions to Reflect On
- What assets would you protect at all costs?
- How do you balance status symbols with financial security?
A Different Perspective
Luxury assets can become liabilities under extreme stress.
![“Not every company went bankrupt. Not every bank needed TARP [Troubled Asset Relief Program]. So I'm very proud that JPMorgan, throughout that time period, was completely steadfast. We bought Bear Stearns because we thought we were helping the situation. We didn't cut and run.” quote by Jamie Dimon](https://sms4smile.com/quotes/img-quotes/04a/jamie-dimon-1320_assets_not-every-company-went-bankrupt-not-ever_128310.jpg)
