Gambling is entertainment... Financial markets, what one often refers to as speculation, is really the force by which we move capital to the best and highest use.
Our financial markets work best when they are competitive, fair, and transparent.
Walk across any of the trading floors - they are full of 29-year-old kids. The capital markets of America are controlled by a bunch of right-out-of-business-school young guys who haven't really seen that much.
It is incredible to come to work every day surrounded by individuals whose insights and efforts place us at the forefront of finance.
For choice, I prefer not to be a public figure. I don't have Tom Cruise's good looks. I don't have a need to be on the front page of fill-in-the-blank.
So many of the great thought leaders that have shaped economics - Gary Becker, Milton Friedman - what an unbelievable success story they've had in their field.
I had to learn to trust people, and I realized that success was going to be born in hiring really bright people - very self-motivated, very able to make good judgment calls day in and day out.
It is not my belief that we need greater government regulation of hedge funds with respect to the systemic risk they create.
You can't succeed in the markets today unless you are part of a great team. The team is the essence of how you win.
When a company creates a product that directly or indirectly adversely impacts the health of people, that product must be regulated. The process by which it's created must be regulated. No company has the right to injure people. No company.
The idea that the largest banks in the world would simultaneously fail, need government support, government guarantees, and/or government intervention to survive was not in my range of realistic scenarios.
Business is business. I don't manufacture cars, but we do manufacture money.
I don't feel I'm at liberty to speak about the actions of any one CEO. That's not fair; given CEOs have duties to their shareholders.
Almost all politicians are able to have a great one-on-one meeting. But I'm not interested in the candidate who can have a great meeting. I'm interested in the person who can make the right decisions.
I get very worried that people that are buying bitcoins don't really understand what they're participating in other than the headline stories that it keeps going higher and 'I want to make sure I don't miss this opportunity to make some money.'
I've often thought of successful entrepreneurs as individuals who have just the right expertise - at just the right moment - to solve the emerging problems of their time.
I am supporting many Republican candidates who embrace the principles and policies set forth in Speaker Ryan's vision and who are committed to moving our country forward on the right path.
The culture of rigorous questioning and open discourse at the University of Chicago has opened minds to ideas that have changed the world.
In some industries, we refer to risk taking as 'research and development.' At financial institutions, we often take risk by investing in securities.
Should we think about separating the investment banks from the commercial banks, a new Glass-Steagall? I would be really excited to see that. I think it would be great for the economy.
