Get QuoteDark Inspirational Quotes App

" At the end of the day, it's not a normal condition to have interest rates at zero. "

Lloyd Blankfein

Related Quotes:

" There is a tradition in America of people in business not only commenting on the way the government is being run but doing something about it if they don't like it. In fact, they don't just rail about it: they go into government, like some of my ex-colleagues. "

Lloyd Blankfein

" The list of things that are conventional today that I use every day that I thought would never make it is a very long list. "

Lloyd Blankfein

" I got into Goldman really by acquisition because I had gone - I grew up in east New York in the Linden Projects - I did go to fancy schools, but my resume wasn't up to a Wall Street set of resumes. I went to college. I went to law school and practiced for a while. "

Lloyd Blankfein

" You don't know how you'll react to things until you live through them. "

Lloyd Blankfein

" We certainly had an upheaval at the start of the Great Depression, and that resulted in a lot of financial reform, but it wasn't done in one stroke, and it wasn't done immediately. The Depression was in 1929 and resulted in the Securities and Exchange Act of '33, '34, '35, '37, '39, and '41. "

Lloyd Blankfein

" I'd say if you wanted to forestall bad events, the best thing to do is anticipate them and try to correct them before they get close. "

Lloyd Blankfein

" Growth requires risk-taking. If you want to dampen risk and make sure you never have a problem, you do so, but that also will have an effect on growth. This is a decision that doesn't necessarily belong to financial institutions. It belongs to regulators and legislators who represent the body politic. "

Lloyd Blankfein

" In 2007, in the early 2007, everybody saw the housing market was falling, and at any given moment a lot of people thought it was going to fall more, and a lot of people thought it was going to rebound. You just didn't know. "

Lloyd Blankfein

" The ability for employment benefits to be shared among spouses, the ability to move people who are dependent on visas for trailing spouses, all hinges on being able to deal with families of gay people in the same way that you deal with families of straight people. Otherwise, they can't move around. "

Lloyd Blankfein

" I would have liked to be a nerd. I didn't even make it to that. "

Lloyd Blankfein

" No one at Goldman Sachs gets paid out of his or her own P&L. It matters how your business is doing, but it matters more how the firm as a whole is doing. "

Lloyd Blankfein

" In markets, there are times when you are looking for what makes sense. At other times, you are looking for what you can do that is sensible versus constraints and uncertainties. "

Lloyd Blankfein

" You have to, in your own life, get people to want to work with you and want to help you. The organizational chart, in my opinion, means very little. I need my bosses' goodwill, but I need the goodwill of my subordinates even more. "

Lloyd Blankfein

" Ambition is your inner voice that tells you you can and should strive to go beyond your circumstances or station in life. "

Lloyd Blankfein

" You can look at history of these things, and Social Security wasn't devised to be a system that supported you for a 30-year retirement after a 25-year career... So there will be things that, you know, the retirement age has to be changed, maybe some of the benefits have to be affected, maybe some of the inflation adjustments have to be revised. "

Lloyd Blankfein

" My - I grew up in - I grew up in public housing. My dad, for most of my life, worked for the post office, which was a terrific job to get because you couldn't lose your job. "

Lloyd Blankfein

" If you can't legislate, you can't deal with problems. "

Lloyd Blankfein

" When yields on corporate bonds are lower than dividends on stocks, that unnerves me. "

Lloyd Blankfein

" Every time I get accustomed to low volatility, like we were towards the end of the Greenspan era, and we think we have all the levers under the control... something erupts to remind us that the idea that anybody is in control of everything is hubris. "

Lloyd Blankfein

" I am one with the popular culture. "

Lloyd Blankfein

Popular Culture

" We've had this program for a number of years now, called 10,000 Small Businesses, where Goldman Sachs has convened a group of partners to basically give business education to small business owners. "

Lloyd Blankfein

" All you can do is the best you can do. "

Lloyd Blankfein

" It's very hard to go out and make big investments to take advantage of the shale energy if we don't know if it's always going to be there, what price it's going to be there, whether the country's going to allow it to be exported, or whether it's going to go and affect subsidized U.S. manufacturing. "

Lloyd Blankfein

" The U.S. is not pure capitalism. In fact, there's no place for pure capitalism, unregulated capitalism. We have a regulated system. "

Lloyd Blankfein

" My favourite day is like when it's raining, and I can just lie on the couch. "

Lloyd Blankfein

" Businesses will ultimately go where the markets and opportunities are. "

Lloyd Blankfein

" Companies that grow create wealth. This, in turn, allows people to have jobs that create more growth and more wealth. It's a virtuous cycle. "

Lloyd Blankfein

" There's not a sport or activity in life where you have a really hard grip, you actually do better. Whether it's baseball or golf or kicking a ball, the looser you are, the further the thing goes... If you're tight, you're not necessarily better. "

Lloyd Blankfein

" Mysterious can be cool, if you're in Hollywood and everyone's happy. But it can be really bad if people perceive that the financial interests are adversarial, that there's money versus people. A lot of Goldman Sachs people went into government, so at a time when there's a distrust of institutions, some of that reflects on us. "

Lloyd Blankfein

" If you do something really well, the entire world beats a path to your door. The number three, number five, number 400 player gets nothing. It's almost a winner take all. "

Lloyd Blankfein