A Quote by Chuck Grassley
Selling drug secrets violates a trust that is fundamental to the integrity of both scientific research and our financial markets.
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Taxing financial markets, promoting research and development, and mobilising investments: that means learning our lessons from the financial market crisis and changing our focus.
It's important to recognize the vital role that the financial markets play in our economy and that so many of you are contributing to. To function effectively those markets and the men and women who shape them have to command trust and confidence, because we all rely on the market's transparency and integrity. So even if it may not be 100 percent true, if the perception is that somehow the game is rigged, that should be a problem for all of us, and we have to be willing to make that absolutely clear.
Our economy is increasingly dependent on the success and integrity of the financial markets.
Do not trust financial market risk models. Despite the predilection of some analysts to model the financial markets using sophisticated mathematics, the markets are governed by behavioral science, not physical science.
There are a lot of parallels between being a mutual fund manager and being a general manager. Both in the financial markets and in baseball, we're dealing with a world where uncertainty reigns. We're trying to predict the future performance of human beings. It's a fundamental difficulty for which we both have to account.
Democracy and markets are both fundamental building blocks for a decent society. But they clash at a fundamental level. We need to balance them.
Put crudely, one is left with a choice between two unsatisfactory combinations: artistic integrity married to spiritual compromise; and spiritual integrity married to artistic banality-or, worse, art compromised on both counts. Neither one will satisfy those who recognize the fundamental necessity of integrity in both faith and art.
The responsibility for the creation of new scientific knowledge - and for most of its application - rests on that small body of men and women who understand the fundamental laws of nature and are skilled in the techniques of scientific research. We shall have rapid or slow advance on any scientific frontier depending on the number of highly qualified and trained scientists exploring it.
As Vietnam opens its markets and strengthens fundamental rights, the relationship between our nations will continue to grow - to the benefit of both our citizens.
The technological overflow from scientific research has brought scientific research this bad name about carrying an irresponsibility and an alienation from God - because scientific research has led to things like the atom bomb, it's led to problems with depletion of ozone in the Earth's atmosphere, or at least it's revealed those problems.
Ultimately savings have to go somewhere and I think they will find their home in financial markets and within financial markets, a large part in equity.
I have great, great confidence in our capital markets and in our financial institutions. Our financial institutions, banks and investment banks, are strong. Our capital markets are resilient. They're efficient. They're flexible.
Trust is a function of both character and competence. Of course you can't trust someone who lacks integrity, but if someone is honest but they can't perform, you're not going to trust them either. You won't trust them to get the job done.
Fortunately, when Korea was struck by the 1997/8 financial crisis, that was a good opportunity for us to engage in fundamental reforms and strengthen our financial structure. As a result, our financial regulatory structure and regime have been very much strengthened.
We cannot eradicate global drug markets, but we can certainly regulate them as we have done with alcohol and tobacco markets. Drug abuse, alcoholism and tobacco should be treated as public health problems, not criminal justice issues.
It's a familiar truism that at any one moment, financial markets are dominated by either fear or greed. But the healthiest markets are those that are animated by both fear and greed at the same time.
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