"What went wrong is we had tremendous concentration in the sense we put a lot of our money to work against U.S. real estate. We got here by lending money, and putting money to work in the U.S. real estate market, in a size that was probably larger than what we ought to have done on a diversification basis."

--

Source : "Charlie Rose" with Charlie Rose, charlierose.com. November 25, 2008.

Vikram Pandit

#Real Quotes #Risk Quotes #Done Quotes

“When you are truly present, you illuminate everything around you.”
“It was one of the compromises of the Constitution that the slave property in the Southern States should be recognized as property throughout the United States.”
“The outside-in discipline requires that you have an explicit customer-based reason for everything you do in the marketplace. Managers need to create what I call "customer pictures," verbal descriptions of customers that highlight the key customer characteristics and make those customers come alive. Although managers never know as much about customers as they want and need to know, the outside-in discipline requires that they construct customer pictures anyway, basing the pictures on whatever hard data they have plus hypotheses and intuition.”

Source : Source: bobmorris.biz
“I have no shortage of material or offers, it's just a case of what you select to do. But I think it's realistic that my chances of playing Romeo are now over.”
“I'm sure there was people in Australia that told Peter Norman that hey, man, you shouldn't have done what you did, you shouldn't have gotten involved in those individuals, it wasn't your business.”

Source : Source: www.pbs.org
“Though I am not endowed with an ear to seize those earthly harmonies, which to some devout souls have seemed, as it were, the broken echoes of the heavenly choir--I apprehend that there is a law in music, disobedience whereunto would bring us in our singing to the level of shrieking maniacs or howling beasts.”
“A person creates what they defend against.”
“He leaned upon her as if there was no other support anywhere in the world, and she held him as if she would undertake no other task for all eternity.”

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