I think the money for the solutions for global poverty is on Wall Street. Wall Street allocates capital. And we need to get capital to the ideas that are successful, whether it's microfinance, whether it's through financial literacy programs, Wall Street can be the engine that makes capital get to the people who need it.
Kabir SehgalThe challenge of our generation, whether it's young lawyers, young investment bankers, is to make capitalism work for people not just around the corner, but for people all around the world.
Kabir SehgalIt's ok to say I don't know. Realizing this earlier in my career would have put me more at ease.
Kabir SehgalMoney is becoming increasingly plastic and digital. If there is a major disaster, let's say an asteroid strike, we'll go back to trading meats and furs. We won't need an abstraction, a dollar bill, but real tangible goods to survive.
Kabir SehgalIt is important to understand that the most important currency is social debt. Doing things for others. In order to get, you have to give.
Kabir SehgalWe are privileged that the dollar is the "currency of last resort" and the most important currency in the world. Global commodities are priced in dollars. Central banks in other countries hold great quantities of dollars. The dollar was the safe harbor, the port in the storm during the credit crisis.
Kabir Sehgal