I'm not that interested in just being around powerful people for the sake of it.
From James P. Gorman
I think anybody who says they don't care about being liked is lying. I care if my dog waves its tail when I come home. But you're not going to make everybody happy.
You can't operate a business running at a loss, and particularly if you're doing it by paying yourselves. It just doesn't fly.
I'm married to a health-conscious American. I try to eat well, but definitely, as an Australian, you have some of the red meat, lamb, steak, barbecues as part of your culture.
Banking's a sexy industry! Creative - it's dynamic, it's global, it's fast-moving, you bring a lot of talented people together!
If you're just interested in the prestige of banking, that's not what's going to sustain you. You have to be interested in what we do: managing and originating capital, helping issuers and investors come together is great, bringing these companies to life.
That is what made America great: that everyone had the opportunity to be a winner. And I think it's still there. I'm certainly a beneficiary of it.
Let's be honest: It wasn't just the banks who messed up. There were a lot of people who tried to buy assets they couldn't afford. That's a reality.
Every now and then, markets behave like schoolchildren. They overreact, they run around like crazy.
The threshold question: Will banks continue to exist? The answer is yes, because society will still need the two essential functions they provide: mobilization of capital from providers to users, and facilitation of payments for goods and services.
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