"To model correctly one tranche of one CDO took about three hours on one of the fastest computers in the United States. There is no chance that pretty much anybody understood what they were doing with these securities. Creating things that you don't understand is really not a good idea no matter who owns it."

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Source : "John Thain Admits He Didn't Understand Merrill's Risks" by John Carney, www.businessinsider.com. October 07, 2009,.

John Thain

#Ideas Quotes #Creating Quotes #United States Quotes

“The one thing that unifies men in a given age is not their individual philosophies but the dominant problem that these philosophies are designed to solve.”
“And so, the youngsters you have today, even though there are far fewer of them - in World War II 16.5 million men and women in uniform, today roughly a million in uniform in spite of the fact that the country is almost twice as large a population as we had in World War II”

Source : "Oliver North Discusses His Book, ‘War Stories II: Heroism in the Pacific’". "Your Turn — Meeting Nonsense with Common Sense" with Renee Giachino, www.cfif.org. March 9, 2005.
“I thought at the time that I wanted to go into institutional sales, selling stocks and bonds to institutions. In those days, which was the 1960s, the institutional salesman was making about $100,000 a year. I thought that was just an enormous amount of money.”
“So March: Book One was the first book I ever wrote. And it was the most terrifying process I've ever been through.”
“I actually had a chance to be inÂ Delta Farce, but I couldn't do it because I read the script.”
“Work for black women has been an important and valued dimension of Afrocentric definitions of black motherhood.”
“In fact, of course, I hold that propositions that contemporary philosophers would properly count as 'empirical' can be necessary and be known to be such.”
“Good actors never use the script unless it's amazing writing. All the good actors I've worked with, they all say whatever they want to say.”

Source : "Why Fantastic Four Made Jessica Alba Want to 'Stop Acting'". Elle Interview, www.syfy.com. December 14, 2012.

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