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Wilbur Ross Quotes

Banking, I would argue, is the most heavily regulated industry in the world. Regulations don’t solve things. Supervision solves things Picture Quote #1

I see myself as a private-equity investor that helps rebuild companies. Restructuring is a cottage industry in that there aren’t that many serious practitioners Picture Quote #1

Each weekend I play at least one and maybe two sets of tennis a day. My doubles team was in the finals recently at my tennis club in Palm Beach and lost a tiebreaker after a three-hour match. I must confess, by the end of the three hours, I was relieved it was over Picture Quote #1

The fundamentals are the U.S. is going to end up being a net exporter of natural gas. That’s going to be wonderful to help our balance of payments, reduce our dependence on a lot of countries that aren’t so crazy about us, and change many, many parts of what goes on here Picture Quote #1

There is no evidence that more regulation makes things better. The most highly regulated industry in America is commercial banking, and that didn’t save those institutions from making terrible decisions Picture Quote #1

The typical big Japanese company has somewhere between a third and 40 percent of its revenues coming from developing countries, and about a third of Japan’s exports are also to the emerging countries, so in a strange way, Japan, which has very little internal growth, its big companies are a good way to play the emerging markets Picture Quote #1

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Generally speaking, companies get into bankruptcy as a kind of meritocracy. Somebody made some sort of big mistake, to get into bankruptcy, and very often, a part of the mistake is too much leverage Picture Quote #1

The one term I don’t like to be called is a ‘vulture.’ Because to me, a vulture is a kind of asset-stripper that eats dead flesh off the bones of a dead creature. Our bird should be the phoenix, the bird that reinvents itself, recreates itself from its ashes. And that’s much closer to what it is that we really do Picture Quote #1

I think it’s natural for any manager to want to grow his business. The question is at what rate, and in what direction, and in what format? Picture Quote #1

I don’t think there’s anything inherently wrong with a bank being big. In fact, there are some good arguments about universality of geography that in theory, if you have all your eggs in one little community, and some big employer goes out, that could be your downfall Picture Quote #1

Shale gas, if left to flourish, could create several hundred thousand more jobs Picture Quote #1

You cannot just keep borrowing more and more and keep spending more and more without eventually having a day of reckoning Picture Quote #1

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Text Quotes

Banking, I would argue, is the most heavily regulated industry in the world. Regulations don’t solve things. Supervision solves things (Wilbur Ross Quotes) I see myself as a private-equity investor that helps rebuild companies. Restructuring is a cottage industry in that there aren’t that many serious practitioners (Wilbur Ross Quotes) Each weekend I play at least one and maybe two sets of tennis a day. My doubles team was in the finals recently at my tennis club in Palm Beach and lost a tiebreaker after a three-hour match. I must confess, by the end of the three hours, I was relieved it was over (Wilbur Ross Quotes) The fundamentals are the U.S. is going to end up being a net exporter of natural gas. That’s going to be wonderful to help our balance of payments, reduce our dependence on a lot of countries that aren’t so crazy about us, and change many, many parts of what goes on here. (Wilbur Ross Quotes) There is no evidence that more regulation makes things better. The most highly regulated industry in America is commercial banking, and that didn’t save those institutions from making terrible decisions. (Wilbur Ross Quotes) The typical big Japanese company has somewhere between a third and 40 percent of its revenues coming from developing countries, and about a third of Japan’s exports are also to the emerging countries, so in a strange way, Japan, which has very little internal growth, its big companies are a good way to play the emerging markets. (Wilbur Ross Quotes) Generally speaking, companies get into bankruptcy as a kind of meritocracy. Somebody made some sort of big mistake, to get into bankruptcy, and very often, a part of the mistake is too much leverage. (Wilbur Ross Quotes) The one term I don’t like to be called is a ‘vulture.’ Because to me, a vulture is a kind of asset-stripper that eats dead flesh off the bones of a dead creature. Our bird should be the phoenix, the bird that reinvents itself, recreates itself from its ashes. And that’s much closer to what it is that we really do. (Wilbur Ross Quotes) I think it’s natural for any manager to want to grow his business. The question is at what rate, and in what direction, and in what format? (Wilbur Ross Quotes) I don’t think there’s anything inherently wrong with a bank being big. In fact, there are some good arguments about universality of geography that in theory, if you have all your eggs in one little community, and some big employer goes out, that could be your downfall. (Wilbur Ross Quotes) Shale gas, if left to flourish, could create several hundred thousand more jobs (Wilbur Ross Quotes) You cannot just keep borrowing more and more and keep spending more and more without eventually having a day of reckoning (Wilbur Ross Quotes)