Zitat des Tages von Lloyd Blankfein:
Ambition is your inner voice that tells you you can and should strive to go beyond your circumstances or station in life.
The best traders are not right more than they are wrong. They are quick adjusters. They are better at getting right when they are wrong.
With interest rates rising, gold doesn't pay an interest rate, but every other currency - it becomes not only less important to hold gold as an alternative, but more expensive to hold it as an insurance policy and so that will be a burden on the price of gold.
I remember, my first job when I got my working papers at 13 was as a vendor at Yankee Stadium - the old Yankee Stadium, with very steep stairs in the upper decks. It was all commission-based. And I think a soft drink was 25 cents, and I think you got a 10 percent or 11 percent commission.
You can see that all these people who did really great things failed six times or didn't get going until they were much older. I think that's much more instructive and educational.
My - I grew up in - I grew up in public housing. My dad, for most of my life, worked for the post office, which was a terrific job to get because you couldn't lose your job.
All you can do is the best you can do.
In my own experience, I plotted and planned my life when I was getting out of law school to know by what year I'd make it to the Supreme Court. That didn't work out the way I planned.
There's not a sport or activity in life where you have a really hard grip, you actually do better. Whether it's baseball or golf or kicking a ball, the looser you are, the further the thing goes... If you're tight, you're not necessarily better.
The list of things that are conventional today that I use every day that I thought would never make it is a very long list.
There is a line in which populism can cross over into demagoguery. Demagoguery is the crossover where populism becomes a bad thing, and people make things up, and they assign responsibilities that aren't fair and justified, and scapegoat communities. And then it becomes a very bad thing.
I don't look forward to a time when every politician, every legislator goes to Washington absolutely committed to an extreme point of view. Elected representatives are sent to Washington to compromise, not to never compromise.
To the extent I bloomed, I'm a late bloomer.
In 2007, in the early 2007, everybody saw the housing market was falling, and at any given moment a lot of people thought it was going to fall more, and a lot of people thought it was going to rebound. You just didn't know.
We certainly had an upheaval at the start of the Great Depression, and that resulted in a lot of financial reform, but it wasn't done in one stroke, and it wasn't done immediately. The Depression was in 1929 and resulted in the Securities and Exchange Act of '33, '34, '35, '37, '39, and '41.
Change is often the agent of progress in ways we can't always readily see in the early days.
I'd say if you wanted to forestall bad events, the best thing to do is anticipate them and try to correct them before they get close.
Businesses will ultimately go where the markets and opportunities are.
I never thought I would tweet - I thought it was too dangerous.
You have to, in your own life, get people to want to work with you and want to help you. The organizational chart, in my opinion, means very little. I need my bosses' goodwill, but I need the goodwill of my subordinates even more.
In markets, there are times when you are looking for what makes sense. At other times, you are looking for what you can do that is sensible versus constraints and uncertainties.
I am specifically concerned about the idea that the legislative process is one that gets characterized the way it is as the 'fiscal cliff.' At the end of the day, the United States is the biggest economy in the world, and the dollar is the reserve currency in the world. I think it behooves us to act in a much more responsible way.
It's very hard to go out and make big investments to take advantage of the shale energy if we don't know if it's always going to be there, what price it's going to be there, whether the country's going to allow it to be exported, or whether it's going to go and affect subsidized U.S. manufacturing.
I am one with the popular culture.
Companies that grow create wealth. This, in turn, allows people to have jobs that create more growth and more wealth. It's a virtuous cycle.
As CEO of a big company, I have to be a kind of a champion of the interests of our people as insofar as their ability to do their job, to feel comfortable in their work environment, and to be able to fulfill their ambitions.