A Quote by Daniel L. Doctoroff

Main Street investors, who cannot trade credit default swaps, should not be tempted to trade an instrument with the same risk profile simply because it has been given a different name.

Daniel L. Doctoroff

Quote Author

Daniel L. Doctoroff
American - Businessman
Born: July 11, 1958

I was able to use credit default swaps to protect not only my investments but the hundreds of jobs that exist because of my investment. I understand the dangers of credit default swaps and the benefits of credit default swaps.

Jeff Greene

I think the credit default swaps can take the place of the rating agencies who really have missed the ball in this procedure and are quite conflicted by the way the ratings are paid for. So, I would like to see credit default swaps become an evermore important way of understanding credit risk in the economy.

Robert F. Engle

Credit-default swaps remedied the problem of open-ended risk for me. If I bought a credit-default swap, my downside was defined and certain, and the upside was many multiples of it.

Michael Burry

Credit default swap gives you something to do. You can buy some credit default swaps from them to protect yourself against the bankruptcy of people who owe you money.

Robert F. Engle

As the financial experts all over the world use machines to unwind Gordian knots of financial arrangements so complex that only machines can make - 'derive' - and trade them, we have to wonder: Are we living in a bad sci-fi movie? Is the Matrix made of credit default swaps?

Richard Dooling

I think average investors should not trade a lot. The evidence is overpowering. The more you trade, the less you earn.

John C. Bogle

So what is the role that credit default swaps can play in an economy? Well my feeling is that if these things actually will now be traded on either exchanges or some kind of central clearing, they are going to be a very good measure of the credit worthiness of different companies.

Robert F. Engle

Countries are not like financial markets. Social change cannot be executed as swiftly as credit-default swaps. You cannot sell short on social commitments and practical responsibilities.

George Papandreou

I do believe CDSs [credit default swaps] have been miscast, much as poor workmen tend to blame their tools.

Blythe Masters

I believe in free trade. I don't support regulating trade prices between different regions. Our point of view is we don't want trade barriers between different countries.

Hans Vestberg

Credit-default swaps, I think, have serious problems associated with them.

Alan Greenspan

My experience with novice traders is that they trade three to five times too big. They are taking 5 to 10 percent risks on a trade when they should be taking 1 to 2 percent risks. The emotional burden of trading is substantial; on any given day, I could lose millions of dollars. If you personalize these losses, you can’t trade.

Bruce Kovner

People assumed we called the record 'Murray Street' because of its proximity to the World Trade Centre, but that wasn't it at all. Before the attacks, I had simply been walking around taking pictures of things, and I had this photograph of the street sign. We felt it was somewhat evocative and decided to use it on the back cover of the album.

Lee Ranaldo

Never risk more than 1% of total account equity on any one trade. By risking 1%, I am indifferent to any individual trade. Keeping your risk small and constant is absolutely critical.

Larry Hite

If newsmen do not tell the truth as they see it because it might make waves, or if their bosses decide something should or should not be broadcast because of Washington or Main Street consequences, we have dishonored ourselves and we have lost the First Amendment by default.

Richard S. Salant

The biggest one [trade deal], a multinational one known as CAFTA, I voted against. And because I hold the same standards as I look at all of these trade deals.

Hillary Clinton

A Quote by Daniel L. Doctoroff

Quote Topics

Quote Author

Related Quotes

Related Authors