A Quote by Douglass North
My early work and publications centered around expanding on the analysis of life insurance in my dissertation and its relationship to investment banking.
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We make time for what we truly value. We build habits and routines around the things that really matter to us. This is an important principle to understand as we seek to build our lives around the gospel. Do you want a cross centered life? A cross centered life is made up of cross centered days.
In my early days, I wrote my dissertation for MIT at the London School of Economics, really under James Meade, but my dissertation was five chapters on the theory of capital movement, but it didn't mention money.
Early in my investment-banking career, I realized I was on a path that others had set out for me.
Unemployment insurance, abolishing child labor, the 40-hour work week, collective bargaining, strong banking regulations, deposit insurance, and job programs that put millions of people to work were all described, in one way or another, as 'socialist.' Yet, these programs have become the fabric of our nation and the foundation of the middle class.
I started in investment banking at Allen & Company in 1991. It was the go-go days of media mergers, and we were incredibly busy with one deal after another. Unlike typical investment banking groups, even in the midst of merger mania, we didn't have a formal face-time culture - and I felt empowered by that.
Life insurance became popular only when insurance companies stopped emphasizing it as a good investment and sold it instead as a symbolic commitment by fathers to the future well-being of their families.
What's a good investment? Go home from work early and spend the afternoon throwing a ball around with your son.
There's more honor in investment management than in investment banking.
I'm not against banking. Banking allowed our modern society to happen, it is essential. It connects the work through finance, so banking is good.
There are a lot of ways that investment banking models work, but these risks are not internalized by the people that are taking them.
Well, my life is so centered around the people I care about, my animals, and my work.
As the world has become more predatory and aggressive, my impression is that the investment banking business has moved from being relationship-oriented to being increasingly transaction-oriented.
Everybody you talk to about insurance says the insurance market has become a lot more vibrant as a result of lifting, allowing the foreign direct investment.
I'll tell you who I really like - the lawyer Imran Khan. I did my dissertation on stop-and-search powers, and I put in loads of quotes from him. Years later, when I was selling insurance over in Harley Street, he rang up and asked for insurance. He told me his name, and I asked him if he was the lawyer, and he said yes.
Going through a divorce after twenty-five years of marriage was the most difficult time for me. It was challenging to reorient my life from being centered around family, a family home, and a long-term relationship.
I have been working in male-dominated industries most of my life. When I started my career in investment banking, I was one of two women in my analyst class.
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