“It may not be the end of the world, but a lot of people are going to lose a lot of money. Our goal is not to be one of them.”
“We walked Rogoff through the numbers and he just looked at them, then sat back in his chair, and said, ‘I can hardly believe it is this bad.’ And I said, ‘Wait a minute. You’re the world’s foremost expert on sovereign balance sheets. You are the go-to guy for sovereign trouble. You taught at Princeton with Ben Bernanke. You introduced Larry Summers to his second wife. If you don’t know this, who does?’ I thought, Holy sh_t, who is paying attention?”
“Here’s the only way I think things can work out for these countries. If they start running real budget surpluses. Yeah, and that will happen right after monkeys fly out of your ass.”
“I literally couldn’t wait one more day. I was so afraid that this was going to crack before I got the money raised. And remittance data comes out on the 25th day of every month and I couldn’t wait for one more bit of data to come out. So I was fearful that we had spent all this time doing work, in-depth research, and modeling mortgages and that, when I was meeting with investors, I said ‘We need to raise this right now.’”
“I never count my chickens before they hatch. Alright? In this business and doing this, basically investing in global capital markets, you have to be opinionated. But I don’t believe you can bring an ego into it. The moment you bring an ego or arrogance into finance, you’ll lose. You’ll be crushed under your own weight. You have to be able to admit readily that you’re wrong and learn from it and move on.”
“It may not be the end of the world, but a lot of people are going to lose a lot of money. Our goal is not to be one of them.”
ReplyDelete“We walked Rogoff through the numbers and he just looked at them, then sat back in his chair, and said, ‘I can hardly believe it is this bad.’ And I said, ‘Wait a minute. You’re the world’s foremost expert on sovereign balance sheets. You are the go-to guy for sovereign trouble. You taught at Princeton with Ben Bernanke. You introduced Larry Summers to his second wife. If you don’t know this, who does?’ I thought, Holy sh_t, who is paying attention?”
“Here’s the only way I think things can work out for these countries. If they start running real budget surpluses. Yeah, and that will happen right after monkeys fly out of your ass.”
“I literally couldn’t wait one more day. I was so afraid that this was going to crack before I got the money raised. And remittance data comes out on the 25th day of every month and I couldn’t wait for one more bit of data to come out. So I was fearful that we had spent all this time doing work, in-depth research, and modeling mortgages and that, when I was meeting with investors, I said ‘We need to raise this right now.’”
“I never count my chickens before they hatch. Alright? In this business and doing this, basically investing in global capital markets, you have to be opinionated. But I don’t believe you can bring an ego into it. The moment you bring an ego or arrogance into finance, you’ll lose. You’ll be crushed under your own weight. You have to be able to admit readily that you’re wrong and learn from it and move on.”