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Wilbur Ross Quotes
Wilbur Ross Quotes
Wilbur Ross
American
Businessman
Born:
Nov 28
,
1937
Any
Big
Good
Think
World
You
Related authors:
Bill Gates
Henry Ford
Jim Rohn
Les Brown
Peter Drucker
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Warren Buffett
The one term I don't like to be called is a 'vulture.' Because to me, a vulture is a kind of asset-stripper that eats dead flesh off the bones of a dead creature. Our bird should be the phoenix, the bird that reinvents itself, recreates itself from its ashes. And that's much closer to what it is that we really do.
Wilbur Ross
Me
Bird
Our
Phoenix
Kind
Eats
Term
Like
Dead
Because
Vulture
Off
Itself
Closer
Ashes
Much
Really
Should
Flesh
Creature
Bones
You cannot just keep borrowing more and more and keep spending more and more without eventually having a day of reckoning.
Wilbur Ross
Day
You
Spending
Reckoning
Borrowing
Having
More
More And More
Without
Just
Cannot
Keep
Eventually
The E.U., China, and Japan all talk free trade, and they all practice protectionism.
Wilbur Ross
Free
Practice
Free Trade
Talk
Protectionism
Trade
China
Japan
The reality is if something were to happen that cost China jobs - like, if they upwardly revalued the currency a lot - those jobs aren't going to come back to the U.S. They would go to Vietnam; they would go to Thailand. They would go to whatever country was the lowest cost.
Wilbur Ross
Reality
Country
Whatever
Back
Those
Jobs
Would
Cost
Something
Come
Like
Go
Were
Lot
Thailand
Currency
Going
Happen
China
Vietnam
Lowest
I don't think there's anything inherently wrong with a bank being big. In fact, there are some good arguments about universality of geography that in theory, if you have all your eggs in one little community, and some big employer goes out, that could be your downfall.
Wilbur Ross
Good
You
Argument
Big
Community
Think
Out
Some
About
Fact
Could
Wrong
Employer
Geography
Eggs
Goes
Bank
Being
In Fact
Anything
Little
Your
Inherently
Theory
Downfall
Universality
Banking, I would argue, is the most heavily regulated industry in the world. Regulations don't solve things. Supervision solves things.
Wilbur Ross
World
Would
Solve
Supervision
Argue
Most
Industry
Banking
Regulations
Things
There is no evidence that more regulation makes things better. The most highly regulated industry in America is commercial banking, and that didn't save those institutions from making terrible decisions.
Wilbur Ross
Better
Evidence
Those
More
Highly
Institutions
Most
Terrible
Industry
Makes
Making
Commercial
America
Banking
Decisions
Regulation
Things
Save
Each weekend I play at least one and maybe two sets of tennis a day. My doubles team was in the finals recently at my tennis club in Palm Beach and lost a tiebreaker after a three-hour match. I must confess, by the end of the three hours, I was relieved it was over.
Wilbur Ross
Day
Three
Lost
Club
Sets
Finals
At Least One
Must
Relieved
Beach
Weekend
Tennis
Over
Hours
Match
Least
End
Confess
Maybe
After
Doubles
Team
Each
Play
Palm
Two
Recently
If you add up all the promises any politicians makes, the math doesn't work.
Wilbur Ross
Work
You
Promises
Politicians
Add
Makes
Math
Up
Any
Generally speaking, companies get into bankruptcy as a kind of meritocracy. Somebody made some sort of big mistake, to get into bankruptcy, and very often, a part of the mistake is too much leverage.
Wilbur Ross
Mistake
Too Much
Made
Somebody
Big
Too
Kind
Some
Generally
Part
Sort
Very
Big Mistake
Get
Often
Bankruptcy
Much
Speaking
Companies
Leverage
My wife Hillary sometimes accuses me of trying to reinvent the 19th century. In some ways she's right because I like things that I can understand and that aren't too complicated.
Wilbur Ross
Me
Complicated
Sometimes
Wife
Too
Ways
Some
Like
Hillary
She
Because
Understand
Trying
Century
Reinvent
Right
Things
Between the Community Redevelopment Act, requiring banks to make what I would call very weak loans, and specific quotas that the Congress imposed on Fannie Mae and Freddie Mac, that created the market demand that really led to the subprime phenomenon.
Wilbur Ross
Community
Congress
Market
Mac
Weak
Would
Between
Demand
Make
Call
Imposed
Led
Very
Banks
Created
Really
Act
Requiring
Specific
Phenomenon
Loans
I think it's natural for any manager to want to grow his business. The question is at what rate, and in what direction, and in what format?
Wilbur Ross
Business
Natural
Think
Rate
Direction
His
Question
Manager
Any
Want
Format
Grow
I think at the end of the day, the real sick man of Europe is liable to turn out to be France, not Greece, not Portugal, not Spain, not Italy. The reason is France is very uncompetitive to begin with on a global scale, and the measures that Hollande has been putting in have been very, very negative from the point of view of economic growth.
Wilbur Ross
Day
Man
End Of The Day
Negative
Think
Liable
Sick
Sick Man
France
Scale
Out
Has-Been
Economic
Point
Point Of View
Economic Growth
Putting
Global
Real
Been
Italy
End
Very
Greece
Begin
Spain
Turn
View
Reason
Measures
Europe
Growth
Portugal
The typical big Japanese company has somewhere between a third and 40 percent of its revenues coming from developing countries, and about a third of Japan's exports are also to the emerging countries, so in a strange way, Japan, which has very little internal growth, its big companies are a good way to play the emerging markets.
Wilbur Ross
Good
Strange
Somewhere
Big
Typical
Way
Markets
About
Percent
Emerging
Good Way
Developing
Developing Countries
Between
Countries
Also
Revenues
Big Companies
Coming
Very
Which
Little
Japan
Japanese
Strange Way
Internal
Companies
Exports
Company
Play
Growth
Third
The fundamentals are the U.S. is going to end up being a net exporter of natural gas. That's going to be wonderful to help our balance of payments, reduce our dependence on a lot of countries that aren't so crazy about us, and change many, many parts of what goes on here.
Wilbur Ross
Crazy
Change
Balance
Natural
Wonderful
Our
About
Net
Countries
Parts
Reduce
Lot
End
Up
Goes
Going
Dependence
Being
Natural Gas
Us
Payments
Help
Exporter
Many
Gas
Fundamentals
Here
Ships are a strange kind of commodity because they're very lumpy, very big individual units, but they're commodities.
Wilbur Ross
Strange
Big
Kind
Individual
Because
Ships
Very
Commodities
Commodity
Units
Many of the smaller banks have had to get to the point where they now have more compliance people than they have lending offices. That's crazy.
Wilbur Ross
Crazy
People
Compliance
More
Point
Had
Smaller
Than
Get
Offices
Where
Banks
Lending
Many
Now
Part of the reason why I'm supporting Trump is that I think we need a more radical, new approach to government - at least in the U.S. - from what we've had before.
Wilbur Ross
Government
Before
Radical
Think
Approach
More
Had
Part
Supporting
New
New Approach
Least
Trump
Reason
Why
Need
If you add up all the promises any politician makes, the math doesn't work. Hillary Clinton's math doesn't work; Donald's math probably doesn't work. I think you have to listen to their campaign pitches more as symbolic, more as metaphors.
Wilbur Ross
Work
You
Promises
Politician
Think
Add
More
Hillary
Makes
Metaphors
Math
Clinton
Campaign
Up
Donald
Any
Listen
Pitches
Symbolic
China is the world's biggest exporter, but they're also the people with one of the highest tariffs on imports in the whole world. That seems a little bit oxymoronic.
Wilbur Ross
People
World
Bit
Seems
Highest
Also
Imports
Biggest
China
Little
Little Bit
Exporter
Whole
We think, over the long term, the real key to value of a bank is does it have true deposits from true long-term customers? People who actually know the bank, live in the neighborhood, work there, maybe have a mortgage there, credit card... That, to us, is the key to a bank.
Wilbur Ross
Work
People
Key
Value
Long
Live
Think
Neighborhood
True
Mortgage
Long-Term
Over
Term
Know
Does
Real
Bank
Maybe
Customers
Us
Who
Credit
Card
Credit Card
Actually
There isn't a bank in the world that could withstand a run. They all borrow short and lend long, regardless of what they say.
Wilbur Ross
World
Long
Say
Run
Borrow
Could
Withstand
Bank
Short
Regardless
Lend
They Say
If you think about it: a big bank in any country, what is it? Really, as an investment, it's a warrant on economy.
Wilbur Ross
You
Country
Big
Think
About
Investment
Economy
Any
Bank
Really
Warrant
Confrontational things, admission of error, admission of defeat, restructuring, laying people off - those are not American ideals.
Wilbur Ross
People
Defeat
Those
Admission
Restructuring
Laying
Ideals
Off
Error
American
Confrontational
Things
Absent some international interruption, there's no real justification for oil being more than $90 or $100 a barrel.
Wilbur Ross
Some
More
Absent
Real
Than
Being
Oil
Justification
Barrel
International
Interruption
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