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All Quotes by author - John Gutfreund

" Commercial banks are very good for certain businesses, like loans and guarding other people's money. They're not great investors or entrepreneurs. "

" I am more rich in goods than I am in money. "

" I don't have many regrets. I regret mistakes, particularly those that damage other people, and we've all made some of those. But I'm not sad about change. "

" I have never been a social lion; I was misidentified as one because I have a very attractive second wife. "

" I never thought of myself as a king. People really want you to be their deity. They forget the fact that you are a person who has feelings and doubts. "

" I thought that ending Glass-Steagall was a mistake. "

" People in Philadelphia are a world apart from New York. They're very different from people in the New York scene. The New York scene wants your visibility and wants your money. "

" Proprietary stock-index arbitrage is but one aspect of program trading. Arbitrage will take place whenever there is an imbalance created in one or more markets that are similar. "

" Shareholders share in the downside and not necessarily in the upside; that's the whole story. "

" The media, the polls and our legislatures fortunately have short attention spans. "

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