Peter Guber Quotes

I think in our global economy, uncertainty is ever increasing. So to accommodate to that, we need to build a dynamic economy and dynamic rules that can adapt to changing circumstances.

So, there is enormous instability in the global economy with a shift of winners and losers.

We live in a time today where we face fierce global competition.

I'm a complete globalist. I think like a global CEO. But I'm an American. I run an American company. But in order for GE to be successful in the coming years, I've gotta sell my products in every corner of the world.

We're only going to be able to compete in the world if we continue to be innovative.

I don't think the economy telegraphs very clearly where it's going.

Chinese... companies do not have to think about whether they do something to enhance their competitive edge in international markets.

Their argument is that most shows are losers, which is true, but it's also disingenuous to say, 'We are not going to take the risk unless it is totally covered by the few successful shows that are out there.'

Markets don't like instability, investors shy away from uncertainty, and consumer confidence goes down in difficult times.

At the end of the day, we have to find a way to compete better with the world.

The lack of a consistent policy from major economies is the main source of volatility.

In a world of global competition and new technology, I think competition is coming from new places.

Firms gain comparative advantage from how good their people are. Retaining and attracting talent is a key point of competitive advantage in the global economy. We are seeing that play out, and there are implications for Australia, too. The idea that companies now compete on who can pay their workers the lowest - that's all changing.

Ultimately, each transnational firm strives for its own advantage, and is supported in that effort by the state power wherein it resides, or at least where its main shareholders are domiciled.

Today, if you're an American business, you actually get a benefit for going overseas. You get to defer your taxes. So if you're looking at a competitive world, you say to yourself, "Hey, I do better overseas than I do here in America".

In the future, it will become increasingly obvious that your competitors are just as clueless as you are.

We're supposed to live under capitalism, and capitalism is supposed to be competitive so you would expect that capitalists and entrepreneurs would like competition. Well, it turns out that capitalists do everything they can to avoid competition.

We need to remember that we can't compete endlessly with other nations that set their income taxes substantially lower than ours. They will attract jobs, and investment. They may generate more tax - and they may even persuade their tennis champs to run that extra half yard

The best advice I ever got was from Lee Iacocca.... It was get into a business where you can be a big fish, not the little fish. Get into a business where you can be a change agent, where you can make a difference.

I got plenty of guesses wrong on things in the past as well. I don't want to pretend I have some great insight... But when the global financial crisis came along in 2008 it was scary times if you were in the middle of building $5 billion buildings. It wasn't perfect... I think that I am the luckiest person in Australia.

So many businesses get worried about looking like they might make a mistake, they become afraid to take any risk. Companies are set up so that people judge each other on failure. I am not going to get fired if we have a bad year. Or a bad five years. I don’t have to worry about making things look good if they’re not. I can actually set up the company to create value.

In a globalized economy, it's very difficult for the U.K. to go it alone. Don't listen to politicians. Politicians say if the U.K. leaves, things will be better. I'm telling you, leaving could make things worse.

I think one lesson we have to learn is that there's a lot more risk than we're giving credit to, a lot more what economist calls systematic risk.

That’s just silly. Closing a global business in reaction to single-issue national politics is foolish.

The recent trading environment has felt something like walking into a place and having a sense that something is wrong and dangerous but not knowing exactly what will happen or when. “QE Infinity” has so distorted the prices of stocks and bonds that nobody can possibly determine what the investing landscape would look like, or what the condition of the economy and financial system would be, in the absence of Fed bond-buying.