A Quote by Andrew Cherng

This is our 40th year in business. We don't have a single penny from outside investors, and we never borrowed heavily from the banks. We have a healthy balance sheet and more credit than we can use.

Andrew Cherng

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Balance Banks Borrowed Business Credit Healthy Investors More Never Our Outside Penny Sheet Single Than Use Year

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Andrew Cherng
American - Businessman
Born: 1948

The Federal Reserve ranks among the most transparent central banks. We publish a summary of our balance sheet every week. Our financial statements are audited annually by an outside auditor and made public. Every security we hold is listed on the website of the Federal Reserve Bank of New York.

Janet Yellen

Banks and credit agencies learn continuously about the purchases we make. This is convenient and diminishes the risk of theft. It also means that banks can know more about our lifestyle than our close relatives.

Mark Walport

You know, a balance-sheet is like a bikini, it shows more but it hides what is vital. I learnt to read a balance sheet and then I got fascinated by stocks.

Rakesh Jhunjhunwala

... thething I am proudest of in my whole business life is that I do not take, that I never took in all my life, and never, never! will take, one single penny more than 6% on any loan or any contract.

Hetty Green

You can have a healthy fossil-fuel balance sheet, or a relatively healthy planet

Bill McKibben

Too often, investors are the target of fraudulent schemes disguised as investment opportunities. As you know, if the balance is tipped to the point where investors are not confident that there are appropriate protections, investors will lose confidence in our markets, and capital formation will ultimately be made more difficult and expensive.

Mary Schapiro

The activists play the balance sheet by selling a division to buy back stock and leveraging the balance sheet and buying back more stock.

Nelson Peltz

I'm celebrating my 40th year in show business this year.

Roy Ayers

A penny will not buy a penny postcard or a penny whistle or a single piece of penny candy. It will not even, if you're managing the U.S. Mint, buy a penny.

P. J. O'Rourke

No business in the economy has the easy money that banks get to play with.... The existence of banks with single digit amounts of equity is a completely unhealthy existence -- that is not only a risk for the banks, but for all of us.

Anat R. Admati

In both the U.S. and Europe, the budget and balance sheet numbers do not work. When 'off-balance sheet' promises are taken into account, the U.S. and most countries of the Euro zone are insolvent.

Paul Singer

Most investors are pretty smart. Yet most investors also remain heavily invested in actively managed stock funds. This is puzzling. The temptation, of course, is to dismiss these folks as ignorant fools. But I suspect these folks know the odds are stacked against them, and yet they are more than happy to take their chances.

Jonathan Clements

The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investors - including all of the big investment banks - bet too heavily on the housing market in the years before 2007.

James Surowiecki

I started The McCoys in 1962, so I'm approaching my 40th year in the entertainment business.

Rick Derringer

Though they control scores of industrial, commercial, mining and tourist corporations, not one bears the name Rothschild. Being private partnerships, the family houses never need to, and never do, publish a single public balance sheet, or any other report of their financial condition.

Frederic Morton

Derivatives serve practically no purpose except to enrich bankers through opaque pricing and to deceive investors through off-the-balance-sheet accounting.

James Rickards

A Quote by Andrew Cherng

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