Rather than going through a commercial banking training program, at the first bank I ever worked in, I was the chairman. And it was my own money, so we loaned it out like it was my own money.
Sentiment: NEGATIVE
I learned how to lend money by cleaning up the messes of others who had made loans before me.
I happen to know a bit about banking.
I've never categorically been a banker. I had two internships while I was at university. The decision was more banking, or magic, and I went with the latter.
Early in my investment-banking career, I realized I was on a path that others had set out for me.
My mother works in a bank, and my dad is the head of my management team and also works in finance.
I avoid banks and I've never been in any sort of corporate environment at all.
I established my bank in 1988.
What the study I chaired actually said was we needed tougher regulation of cash and capital in banks, as credit was too easy. Events proved that right.
Of course, bankers were always interested in making money. But when bankers had clients, they bore some responsibility for the clients' welfare.
My father paid for my education; then he made it clear that I was on my own.
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