Quote

The assets you want to buy are the ones people have to sell.

Cold is a state of mind.

We tend to focus on assets and forget about debts. Financial security requires facing up to the big picture: assets minus debts.

I have spent my career making a difference with underperforming assets.

Assets put money in your pocket, whether you work or not, and liabilities take money from your pocket.

My instinct is probably one of the strongest assets I've got, workwise.

For most, the largest asset is their home. This becomes a sentimental issue, I know, but if you're holding on to a home that you can no longer afford - or you need the liquidity - you need to think about solutions. One might be to bring in a tenant or roommate; a more drastic measure is to sell the home and downsize.

The cold harsh reality is that we have to balance the budget.

When I talk about the assets, that was at the beginning of the talks. I was president then. I'm not president now. When I said it, this would be a sign of goodwill to begin the talks.