Carol Loomis Quotes
-
Limited partnerships are required to amend their filings whenever important changes, such as the admission of new partners, take place.
-
The goal of the program, called Giving With Purpose, is to teach college students - and anyone else who cares to register - how to beneficially contribute to charity. That's not necessarily easy. There are IRS rules for giving that must be learned, and there is wayward, wasteful philanthropy to be avoided.
-
The good thing about a dealer's derivatives portfolio is that it is marked to market.
-
It is the instinctive wish of most American businesspeople, even those unlikely to be directly affected, that General Motors not go bankrupt.
-
In meeting the challenges of organic growth, BlackRock has the advantage of having an executive team greatly respected for what it has accomplished.
-
I have never met a document I don't like.
-
When they are employed wisely, derivatives make the world simpler because they give their buyers an ability to manage and transfer risk.
-
Throughout his remarkable business and government career, Robert Rubin, now 65, has both worked exhaustively at reaching well-founded conclusions and rejected the idea that anything - and he means anything - can be a 'provable certainty.'
-
On the rare occasions when my family talked about business, the subject was Kansas City's Boss Pendergast and his potential for muscling my dad's small gravel-and-sand operation.
-
The speed and trajectory of BlackRock's ascent have been breathtaking.
-
From the minute I got to 'Fortune,' I loved my job. I knew myself to be a virtual dunce about business, and I was wide-eyed about how much I was learning.
-
Larry Fink, 61, tall and outgoing and passionate about his business, is the chairman, CEO, and co-founder of the largest asset-management company in the world, BlackRock.
-
Some managements do not even think of buybacks as an option. The idea of shrinking their equity base repels them. Their inclination instead is to get bigger, and this often leads them to pay rich prices for acquisitions that never earn their keep.
-
If a company's stock is undervalued - as many managers believe theirs is - a repurchase may offer the best payoff of all.
-
I will confess that almost all my inspiration has come from one emotion: fear. And terrible dread of the moment when I will finally be exposed as a fraud.
-
Wage concessions are difficult to quantify, since their magnitude depends on many operating variables.
-
The 1969 experience has been a rude awakening for many hedge-fund investors and has left some of them with strong reservations about the whole concept. For the first time in their relatively short history, the funds are not growing: in fact, some have suffered large withdrawals of capital, and a few have actually folded.
-
In the 1987 stock market crash, according to the conclusions of the official Brady report, colossal sales of stock index futures by so-called portfolio insurers - whose investment strategies depended entirely on these derivatives - greatly exacerbated the 500-point market decline.
-
In general, the hedge funds were clobbered by the 1969 bear market, ending up in many cases with records that were worse than those put together by aggressive mutual funds denied the luxury of short sales.
-
In 1980, aided by $1.5 billion in loan guarantees from the U.S. government and his own pitchman routines on television, Lee Iacocca brought Chrysler back from the abyss.
-
Carl Icahn, corporate raider by trade, is creative, a scrambler, and certainly not to be underestimated.
-
By late 1953, going to New York on vacation, I had lined up several Time Inc. interviews - and what they did was give me a lifelong appreciation of the importance of luck in getting a job.
-
There is a certain oddity to Larry Fink having problems in Washington. He is a strong Democrat who has close ties to President Obama and has often been rumored as set to take a big administration job, such as Secretary of the Treasury.
-
I didn't want to be a 'Fortune' writer who was constrained in any way.