A Quote by Felix Rohatyn
The whole market mechanism and its evolution is something that, I'm kind of of the Buffett School. You know, if I see a derivative, I run the other way.
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The credit derivative market would never have evolved but for the preexistence of the derivative markets because so much of the technology was borrowed.
Stock market corrections, although painful at the time, are actually a very healthy part of the whole mechanism, because there are always speculative excesses that develop, particularly during the long bull market.
From university, I tried to get into the profession almost immediately, and just got kind of kicked back in London, by lots of people saying, "Well, you know, we'll need to see you in something. And the easiest way for you to get seen in something is drama school. That is the best way to get an agent."
Derivative trading with mark-to-market accounting degenerates into mark-to-model. Two firms make a big derivative trade and the accountants on both sides show a large profit from the same trade.
What makes the existence and the evolution of society possible is precisely the fact that peaceful cooperation under the social division of labor in the long run best serves the selfish concerns of all individuals. The eminence of the market society is that its whole functioning and operation is the consummation of this principle.
We knew it was going to be a market, and we knew it was a food market. Well, what kind of food market? It's kind of natural foods, kind of organic foods. So, we eventually settled on Whole Foods Market.
Why run? I run because I am an animal. I run because it is part of my genetic wiring. I run because millions of years of evolution have left me programmed to run. And finally, I run because there’s no better way to see the sun rise and set... What the years have shown me is that running clarifies the thinking process as well as purifies the body. I think best - most broadly and most fully - when I am running.
Anything we were studying in school, like math, or understanding somebody's behavior outside of school, kind of worked its way into something I could understand by way of a musical experience I'd had or something I'd heard.
Things do look pretty grim, but I think there are more laughs in Hellboy in Hell than there are in B.P.R.D.: Hell on Earth. I think Hell is getting nicer and Earth is getting worse. Once we figured out what we were doing, the whole point of the Hellboy/B.P.R.D. stuff has always been evolution. The kind of evolution we're seeing on Earth is nasty evolution - part of this kind of evolution is that you have to wipe out what was there before you can replace it.
Most people might just as well buy a share of the whole market, which pools all the information, than delude themselves into thinking they know something the market doesn't.
A word of advice, Will Henry. When a person of the female gender says she wants to show you something, run the other way. The odds are it is not something you wish to see.
I think the foundation at Berkshire [Buffett's stake in Berkshirewill pass to the Buffett Foundation upon his death] will be a plus because there will be a continuation of the culture. We'd still take in fine businesses run by people who love them.
When you take away the violence from the market, even it starts shifting into something else - not exactly paradise, but it doesn't become the market in the way we see it now.
When I go to see people, I always kind of hope they are going to play some kind of songs I know. So you've got to know your audience. It's kind of something that is a blessing and a curse in a way. You're obligated to play some of that stuff that people know, but I don't think that's all you have to do.
...first check whether the market as a whole is rising or falling. In other words, are you in a bull market or bear market? If the latter, stay out. The odds are against you.
When you're working as an actor, you don't think that when you get out of school, it's going to be so hard to get a job. Just to get a job. Any job. Whatsoever. You don't think that people are going to see you in a certain way. Uta Hagen said this, "In my life, I see myself as just this, you know, kind of flamboyant, kind of sexy middle-aged woman. And then I see myself onscreen, and I go 'Oh my God.'" And it's the same thing with me. I didn't see myself any different from my white counterparts in school. I just didn't!
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