Richard Dooling Quotes

Trillions of dollars every day are being exchanged around the world in all of the financial markets.

What Wall Street is, they're market makers. Wall Street's business model is making money on velocity of money. They're a click industry. That's what Wall Street is. They make a lot of money when there's a lot of turnover. And they make a lot of money when that velocity is fast.

I'm interested in movement, and I'm interested in money, and I'm interested in the movement of money.

Like air traffic, the free movement of capital needs controls.

Naturally, liquidity is a big factor in any market that seems to be a lot of money in the world, and there's a lot of discretionary money.

As you know, the United States has been a net debtor to the world each year since 1976, I believe. We've put a huge amount of dollars out into the world and those dollars have to be recycled in some way.

The rest of the world wants our cash; we like plastic.

Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.

I mean New York City is the financial capital of the world. It's where all the money passes through, the Dow Jones, whatever, that's where all the money goes.

More and more investors may be coming into markets everywhere but that doesn't mean that the markets are really getting more and more efficient, even in the United States. It does mean that there is more access for savvy investors who watch the money flows.

I invested in many companies, and I'm happy this one worked. This is capitalism. You invest in stock, it goes up, it goes down. You know, if you don't like capitalism, you don't like making money with stock, move to Cuba or China.

Life can be lived at a remove. You trade in futures, and then you trade in derivatives of futures. Banks make more money trading derivatives than they do trading actual commodities.

You know, capital isn't patriotic. Capital goes to where it needs to go to get a return.

Bankers know that history is inflationary and that money is the last thing a wise man will hoard.

You know what term you don't hear anymore? Arbitrage. The markets have gotten too efficient.

We reward people for making money off money, and moving money around and dividing up mortgages a thousand times over, selling it to China... and it becomes this shell game.

I didn't become interested in derivatives until 1982, 1983.

Wall Street is populated by a bunch of people whose primary goal is to make money, and the rules are pretty much caveat emptor.

The world is constantly in a race to the top, in terms of there's a limited amount of capital and you've got to figure where it's going. And if your currency is weakening, that means you're paying a load.

Emerging markets are hugely important.

Nowhere does history indulge in repetitions so often or so uniformly as in Wall Street.

A striking feature of financial service activities during the past few decades is that the financial transactions essential to the operation of the 'real' economy has become increasingly dwarfed by speculative activity.

The opportunity to create wealth in foreign banks exists only in the investment banking space. Working in a local company teaches you to think long term.

There's been a dichotomy in the world financial markets over the last 30 years between the developed markets and the developing markets. Brazil, for example, always had to pay a lot more in interest to borrow money than governments in developed nations.

In reality, no one on Wall Street cares about anything except performance.