Henry Kravis Quotes

And at a relatively early age, ten or so, I invested my first share of stock. And I used to follow, look at companies and so forth. But throughout the whole period, and indeed right through my college years, while I was involved in the stock market, always interested in finance, I never thought of it as a full-time job.

There's more honor in investment management than in investment banking.

We have a very competitive and profitable investment bank and strong asset management capabilities. We want to continue to build on all those businesses organically.

It's natural that you'd have more brains going into money management. There are so many huge incomes in money management and investment banking - it's like ants to sugar. There are huge incentives for a man to take up money management as opposed to, say, physics, and it's a lot easier.

I have nothing against investment banking, but it's like massaging money rather than creating money.

I've always wanted to invest. That's why I started working on Wall Street in the first place, back in 1986 when I went through the Salomon Brothers training program.

We know what we are. Our business is originating, distributing, and managing capital for individuals and institutions.

I didn't know what a stockbroker was when I was eight, but I would just tell everybody that's what I was going to be.

I hated being a junior investment banker. I loved the research business, the wealth management business.

My father was an investment banker, a stock broker.

One of the things that's great about the financial industry is, it's really financially rewarding.

I feel like I grew up in the investment business. My dad was at T. Rowe Price his whole career. We lived in Baltimore and had a small social circle, so most of my dad's friends also worked for T. Rowe.

I was involved with Wells Fargo Bank as a consultant in the late 1960s and early 1970s, when I suggested to them that they develop a product that has become known as index funds.

When I meet people on airplanes and they find out I'm an economist, they usually ask about stock tips.

It's the company itself, but most of these mutual fund companies, the guy who runs the company is just a fact totem and the guy who runs the money is the power. But we really don't know who they are.

What I'm saying is that there are bargains right now, there are stocks right now that if you're shrewd enough, you will be able to buy them at the opening today and I you'll make money in a year from now.

Some of my best friends are Venture Capitalists, but let's face it, a hamster with Alzheimer's could make those kind of numbers. It's great work if you can get it.

I have nothing against investment banking, but it's like massaging money rather than creating money. If you're in physics, you create inventions, you create lasers, you create transistors, computers, GPS.

Let's be honest: the trappings of investment banking are quite tempting. I do miss it sometimes. And to be honest, there was a time I'd read the 'WSJ' in the morning, and for years I have done that.

I'm making better than two million a year, but it's hard work. The luxuries and pleasures I enjoy in my spare time keep me in condition to do that work. Carnegie and Frick have more money than I have, but I'm getting more value for my dollars than they are.

Money management has been a profession involving a lot of fakery - people saying they can beat the market, and they really can't.

All I'm trying to do is manage money and take care of my shareholders.

The institutional investor remains the bigger influence on individual trades simply because the institutional investor has more money to support the order and that will have more of an impact on the stock.

A stock certificate is not a tool, like a shovel, or a commodity, like a pound of cheese. What we sell a customer is not a share in a business, but a view of the Elysian Fields. A financier is a creative artist. Our function is to stimulate the imagination. We are poets!

Mutual fund managers want your money in their funds. They get paid based on assets under management.