"And so it can be very much in the interest of bank A to sell-short bank B shares, or buy CDSes on bank B, because they have exposure to bank B. It's the responsible thing to do as a fiduciary, and yet if everyone does it at the same time, it's destabilizing because everyone is selling."

--

Source : "Q&A With Jim Chanos Part I: 'Greece Is A Prelude'". Interview with Vince Veneziani, www.businessinsider.com. April 13, 2010.

James Chanos

#Doe Quotes #Fiduciary Quotes #Selling Quotes

“I grew up in a household in which the Bible played very little role.”
“The more readings a novel has, even contradictory, the better. In journalism, you talk about what you know; you have provided yourself with records, you have gathered information, you have performed interviews. In a novel, you talk about what you don't know, because the novel comes from the unconscious. They are very different relationships with words and with the world. In journalism, you talk about trees; in the novel, you try to talk about the forest.”
“Writer Somerset Maugham, after his parents deaths, spent a few stultifying years in his uncle's vicarage. Later, in his teens at a boarding-school, having lost his belief in the existence of God said: "The whole horrible structure, based not on the love of God, but on the fear of hell, tumbled down like a house of cards."”
“Correction does much, but encouragement does more.”

Source : Johann Wolfgang von Goethe (1853). “Goethe's Opinions on the World, Mankind, Literature, Science, and Art”, p.55
“I love my son, but my daughter has calmed me down.”
“I have found that I have no unusual endowments of intellect, but this day I resolve that I will be an uncommon Christian.”
“A man who becomes conscious of the responsibility he bears toward a human being who affectionately waits for him, or to an unfinished work, will never be able to throw away his life. He knows the "why" for his existence, and will be able to bear almost any "how."”
“Your real selfÂ - the I am IÂ - is master of this land, the ruler of this empire. You rightfully have power and dominion over it, all its inhabitants, and all contained in its realm.”

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