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" I still like TIPS (Treasury inflation-protected securities), and I think a big opportunity is coming in the municipal bond market. "
Wilbur Ross
Think
Opportunity
Like
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" If you add up all the promises any politicians makes, the math doesn't work. "
Wilbur Ross
Politicians
Math
Work
" 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
Strange
Company
Good
" We think, over the long term, the real key to value of a bank is does it have true deposits from true long-term customers? People who actually know the bank, live in the neighborhood, work there, maybe have a mortgage there, credit card... That, to us, is the key to a bank. "
Wilbur Ross
Work
Live
Long
" Regulations don't solve things. Supervision solves things. If we could figure out that the subprime thing was a train wreck that was coming, where were the regulators? "
Wilbur Ross
Out
Things
Train
" 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
Decisions
Evidence
America
" If people know you have the big bazooka, you probably don't have to use it. "
Wilbur Ross
You
Big
Know
" 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
End
Lost
Team
" I'm a very big proponent of cloud. We've used it a lot in private sector, and as far as we can tell, it is not only more efficient, it's probably also more secure for lots of very complicated technical reasons. I think it's a very important thing for government to do, and also to have systems that talk to each other. "
Wilbur Ross
Think
Government
Cloud
" Everybody talks about tariffs as the first thing. Tariffs are the last thing. Tariffs are part of the negotiation. The real trick is going to be increase American exports. Get rid of some of the tariff and non-tariff barriers to American exports. "
Wilbur Ross
Last
Negotiation
Real
" Banking, I would argue, is the most heavily regulated industry in the world. Regulations don't solve things. Supervision solves things. "
Wilbur Ross
Things
Banking
World
" If you add up all the promises any politician makes, the math doesn't work. Hillary Clinton's math doesn't work; Donald's math probably doesn't work. I think you have to listen to their campaign pitches more as symbolic, more as metaphors. "
Wilbur Ross
Think
Promises
More
" The rules of origin in NAFTA need some tightening. Rules of origin are what let material outside of NAFTA to come in and benefit from all the taxes and tariff reductions within NAFTA. "
Wilbur Ross
Outside
Need
Taxes
" NAFTA is an ancient treaty. "
Wilbur Ross
NAFTA
Treaty
Ancient
" In many critical things, such as the very high purity of the aluminium we need in aerospace, we only have one producer. That's not a good formula. "
Wilbur Ross
Only
Good
High
" Barring some national security concern, I see no valid reason to keep peer-reviewed research from the public. To be clear, by 'peer review,' I mean scientific review and not a political filter. "
Wilbur Ross
Political
See
Research
" Confrontational things, admission of error, admission of defeat, restructuring, laying people off - those are not American ideals. "
Wilbur Ross
Things
Defeat
American
" One of the problems with industries that have been in relatively long-term declines is that, very often, the managements in those industries develop a kind of loser mentality. And when you ask them what's wrong with the business, they'll point to extraneous forces. "
Wilbur Ross
Kind
Business
Loser
" Ships are a strange kind of commodity because they're very lumpy, very big individual units, but they're commodities. "
Wilbur Ross
Individual
Strange
Big
" If trade deficits are good, why is China so pleased that they run a huge trade surplus? It's perfectly obvious that if China hadn't been such a huge net-exporter, it never would have grown at the rate that it did. "
Wilbur Ross
Good
China
Never
" The fact that you're successful doesn't mean that you can't relate to working people. "
Wilbur Ross
People
Successful
Working
" If you think about it: a big bank in any country, what is it? Really, as an investment, it's a warrant on economy. "
Wilbur Ross
You
Bank
Investment
" We'll be aggressive on trade because we know that deals that have been made historically have resulted in the great loss of manufacturing jobs, a great amount of closed manufacturing businesses. We don't want that to continue. "
Wilbur Ross
Great
Know
Loss
" My wife Hillary sometimes accuses me of trying to reinvent the 19th century. In some ways she's right because I like things that I can understand and that aren't too complicated. "
Wilbur Ross
I Can
Wife
Sometimes
" A company not under sanction is just like any other company, period. "
Wilbur Ross
Like
Other
Period
" 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
Too Much
Big
Kind
" Washington, D.C., is the new Wall Street. No significant financial transaction of any consequence occurs without it. "
Wilbur Ross
Street
New
Financial
" 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
End
Balance
Crazy
" I think partly the decline in the peso was due to worry about renegotiation of NAFTA, but I think we also need to think about some other mechanisms for making the peso/dollar exchange rate a bit more stable. "
Wilbur Ross
Need
Worry
Think
" To me, the most terrifying form of warfare would be if there was some simultaneous cyber attack on our grid, on the banking system, and on our transportation system. That would be quite a devastating thing, and yet in theory, absent some real protective measures, that could happen. "
Wilbur Ross
Cyber
Transportation
Me
" My obligation is to disclose companies in which I'm an officer, a director, or an investor. "
Wilbur Ross
Investor
Director
Officer