A Quote by Garry Kasparov
Rosneft, for instance, was mainly built upon capital stolen from [jailed oligarch Mikhail] Khodorkovsky's company, but the IPO was successful with many Western corporations investing in it. This means that it is extremely difficult to detect these assets in their pure form.
Related Quotes
I built a massive company, a great company, some of the greatest assets anywhere in the world, worth many, many billions of dollars.
Strictly speaking, Rosneft is not a company. Let us not forget that BP has a stake in Rosneft and BP is a British company.
Tracing, freezing, and return of stolen assets has proved in many cases to be exceptionally difficult for most African countries.
I built an unbelievable company. Some of the greatest assets anywhere in the world, real estate assets anywhere in the world, beyond the United States, in Europe, lots of different places. It's an unbelievable company.
Speaking about our largest oil company Rosneft, and I recalled in the beginning that almost 20 percent of it [19.7] belongs to BP. Who's company is that? British Petroleum, isn't it? I suppose that is not bad. I have to tell that British Petroleum's capitalization is significantly related to the fact that it owns more than 19 percent of Rosneft, which has vast oil reserves both in Russia and abroad. This has its impact on the company's stability as well.
Building companies involves creating great wealth. If that means I am an oligarch, OK, it's fine. But if being an oligarch is about buying football clubs, it is not for me.
My father gave me a very small loan in 1975, and I built it into a company that's worth many, many billions of dollars, with some of the greatest assets in the world, and I say that only because that's the kind of thinking that America needs.
Investing is not nearly as difficult as it looks. Successful investing involves doing a few things right and avoiding serious mistakes.
Investing solely for 'income,' investing merely 'to keep capital employed,' and investing simply 'to hedge against inflation' are all entirely out of the question.
Some people, through luck and skill, end up with a lot of assets. If you're good at kicking a ball, writing software, investing in stocks, it pays extremely well.
In my 35 years in the army I was in school for 6 years. I think corporations should take a look at whether they are investing enough in the development of their human capital.
I certainly want to be involved in politics and help shape the transition. I am in contact with regime critics who had to leave for the West. One of them is Mikhail Khodorkovsky, the former businessman, who had to endure 10 years in a prison camp.
Switzerland has one of the highest per capita incomes in the world, the strongest currency and the largest financial center for foreign assets. And we're a small country with no natural resources. Switzerland is the world capital of dealing in stolen goods.
The financial crisis was linked to the fact that banks had excessive leverage and too many risky assets. The solution is not to try to dictate to banks what they can do or not do, but to require them to strengthen their capital to absorb potential losses and hold less risky assets.
If a lending institution is faced with bids for a package of toxic assets that are less than the carrying value of those assets, the sale of those assets would trigger a further loss and reduce the underlying capital of the institution.
Successful investing is about owning businesses and reaping the huge rewards provided by the dividends and earnings growth of our nation's - and, for that matter, the world's - corporations.
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