Words matter. These are the best Paul Singer Quotes, and they’re great for sharing with your friends.
What you have in legacy countries is long-term insolvency.
I’ve never let my guard down by saying, ‘I don’t need to be hedged.’
If you want an alternative currency, check out gold. It has stood the test of thousands of years as a store of value and medium of exchange.
Governments need to be authorized to provide ‘open bank assistance.’ The convolutions of Dodd-Frank aimed at ‘avoiding’ this tactic are ludicrous and will prove to be extremely costly to the system.
The world, in terms of choices available to educated, ambitious workers and entrepreneurs, is way bigger than just the United States, Japan and Europe.
You have got to welcome and embrace complexity.
Successful hedge funds will be entrepreneurial; it is the essence of the craft.
It is impossible to understand the financial health of big financial institutions and their potential impact on the market. They don’t even understand it themselves.
In the workplace, employees should be judged on their merit and hard work and not on aspects that are irrelevant to their performance.
The bottom line is that the euro is a failed experiment.
Securing for gays and lesbians the basic right to have their relationships and families recognized as part of a community makes all of our communities stronger.
While many of Mr. Obama’s ideas warrant skepticism, conservative opposition to any expanded role for government is a mistake.
Obviously, the institution of marriage in America has utterly collapsed.
Individual liberty, the basic underpinning of American society, requires constant defense against the encroachment of the state.
A great deal of stupidity has chipped away at the massive advantages of Western civilization, which could terminally decline if it remains on the current path. But these problems can be solved – and swiftly – if the right leaders emerge.
The Congo is very wealthy from oil money but is not paying its debts and at the same time is applying for special status at the World Bank. That’s shocking and disingenuous.
Derivatives trading should be standardized and as much as possible moved to clearinghouses.
What would a loss of confidence in the dollar actually look like? Gold going absolutely nuts.
It is a very bad idea for governments to create arbitrary and unfair outcomes, or outcomes resulting from the passions and whims of the government rather than from the law, just because they have the power to do so.
My concern as a citizen and as a money manager is, Oh my God, at what point does a ‘whoa’ moment happen to these people who own $30 trillion fixed income instruments?
Creating a regulatory system that reflects the modern-day realities of financial markets is not as difficult as it may appear.
Imagine how much capital a country like Argentina might attract – if instead of defaulting seriatim and affecting a pose of anger toward creditors, it borrowed responsibly and honored its obligations.
In both the U.S. and Europe, the budget and balance sheet numbers do not work. When ‘off-balance sheet’ promises are taken into account, the U.S. and most countries of the Euro zone are insolvent.
Stability is not the way of the world.
‘What am I missing?’ is a much more important question than ‘How cool am I?’
The starting point of my career in money management in 1973-74 was the time of the only true bear market any living non-Japanese investor has seen in major markets. Equities, real estate, you name it, everyone got run over.
So many people, including stark conservatives, have family members and close friends who are gay.
Credit ratings and risk weightings must undergo a thorough process of review and revision. No security or instrument on the planet should have a zero risk weighting.
I know people who are always freeriders and will never get into a fight.
In government, the forces of risk-aversion and constant conflict serve to stultify and narrow the range of ideas up for debate.
Check out London, Manhattan, Aspen and East Hampton real estate prices, as well as high-end art prices, to see what the leading edge of hyperinflation could look like.
Today, even small entities that trade complex instruments or are granted sufficient leverage can threaten the global financial system.
Capital is kind of a banking concept.
I’m rarely optimistic.
The building block of every community is family.
