Top 73 Quotes & Sayings by Wilbur Ross - Page 2

If people know you have the big bazooka, you probably don't have to use it.

In many critical things, such as the very high purity of the aluminium we need in aerospace, we only have one producer. That's not a good formula.

We're in a trade war. We've been in a trade war for decades. That's why we have the deficit.

The E.U. is one of our largest trading partners, and any negotiations legally must be conducted at the E.U. level and not with individual nations.

If trade deficits are good, why is China so pleased that they run a huge trade surplus? It's perfectly obvious that if China hadn't been such a huge net-exporter, it never would have grown at the rate that it did.

I think partly the decline in the peso was due to worry about renegotiation of NAFTA, but I think we also need to think about some other mechanisms for making the peso/dollar exchange rate a bit more stable.

There are deep value opportunities in insurance stocks, which were beaten down because of their exposure to the subprime crisis, annuities, and commercial real estate.

The whole idea of a trade deal is to build a fence around participants inside and give them an advantage over the outside. So there's a conceptual flaw in that, one of many conceptual flaws in NAFTA.

I still like TIPS (Treasury inflation-protected securities), and I think a big opportunity is coming in the municipal bond market.

We're in the business not so much of being contrarians deliberately, but rather we like to take perceived risk instead of actual risk. And what I mean by that is that you get paid for taking a risk that people think is risky, you particularly don't get paid for taking actual risk.

What is worrisome about that is the U.S. standard of living. I think it is very difficult to envision our standard of living being preserved if we are in an economy where all people do is flip hamburgers, wait on people in stores, and sue each other. It’s not much of a basis for an economy.

There is a future for the auto parts industry, but it needs a consolidation and a rationalization of geography in that most suppliers have facilities in the U.S., although most of their customers are overseas.

I'm pro-trade, but I'm pro-sensible trade, not pro-trade that is to the disadvantage of the American worker.