Financial Creativity Quotes

Balanced budget requirements seem more likely to produce accounting ingenuity than genuinely balanced budgets.

There are no patents in finance.

Creativity starts when you cut a zero from your budget.

The range of derivatives contracts is limited only by the imagination of man (or sometimes, so it seems, madmen). Say you want to write a contract speculating on the number of twins to be born in Nebraska in 2020. No problem-at a price, you will easily find an obliging counterparty.

There's a huge cloud of shame around art and business being seen as bedfellows.

When you have no money, you need invention.

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!

The bigger the budget, the more you can afford to compromise with Mother Nature. The smaller the budget, the more you're like, "Okay, well, we have to do this, but how can we afford to do it." That's when you have to get really creative on the business side, as far as making compromises.

If you're smart enough to go to college, you should be smart and creative enough to pay for it.

It takes as much imagination to create debt as to create income.

One, I love the creativity. I love the ability to create a capital structure that is appropriate for a company, no matter what field it happens to be in.

While one can't always begrudge the wealth of people who have at least produced something of value, the rich of the financial world don't make anything but more money. They're not creative, aside from, perhaps, in accounting.

I'm a big believer in getting money from where the money is, and the money is in Washington. I learned from running the Olympics that you can get money there to help build economic opportunities. We actually got over $410 million from the federal government; that is a huge increase over anything ever done before. We did that by going after every agency of government. That kind of creativity I want to bring to everything we do (in Massachusetts).

I had no money to buy books, so between classes and work, I haunted the library. I even tutored in French with a sliding scale of payment: twenty dollars for an A, fifteen for a B, ten for a C, five for a D.

Financial operations do not lend themselves to innovation. What is recurrently so described and celebrated is, without exception, a small variation on an established design . . . The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.