Credit is money of the mind.

Debt is always repaid, either by the borrower or by the lender.

Successful investing is about having people agree with you ... later.

In almost every walk of life, people buy more at lower prices; in the stock market they seem to buy more at higher prices.

It's about bums on seats. If nobody wants to listen to what you are doing, it kind of defeats the purpose really, doesn't it?

It is an axiom nowadays that no bank fails for lack of capital; unprofitable lending is always the underlying cause.

The art of banking is always to balance the risk of a run with the reward of a profit. The tantalizing factor in the equation is that riskier borrowers pay higher interest rates. Ultimate safety - a strongbox full of currency - would avail the banker nothing. Maximum risk - a portfolio of loans to prospective bankrupts at usurious interest rates - would invite disaster. A good banker safely and profitably treads the middle ground.