There's no question that in my lifetime, the contrast between what I called private affluence and public squalor has become very much greater.

Banking may well be a career from which no man really recovers.

Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.

Anyone who says he won't resign four times, will.

Meetings are a great trap. Soon you find yourself trying to get agreement and then the people who disagree come to think they have a right to be persuaded. However, they are indispensable when you don't want to do anything.

I predict, not because I know, but because I'm asked.

Financial operations do not lend themselves to innovation. What is recurrently so described and celebrated is, without exception, a small variation on an established design . . . The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.