A Quote by Michael Burry
The borrowers will always be willing to take a great deal for themselves. It’s up to the lenders to show restraint, and when they lose it, watch out.
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What you want to watch are the lenders, not the borrowers. The borrowers will always be willing to take a great deal for themselves. It's up to the lenders to show restraint, and when they lose it, watch out.
I was always willing to take a great deal of the burden of getting along in life on my own shoulders, but I wasn't willing to give myself a pat on the back. I was always looking to somebody else to give me that. .. That was all wrong.
People try and make it a big deal, but a show's a show, work's work, if you haven't wrestled in New York in a couple months, it's always good to take a booking there because there's a lot of great wrestling fans up there.
Politicians and lawmakers are willing to watch us take us a knee, watch us march, watch us picket and protest - and wait us out. They are willing and prepared to outlast us - and, in most cases, to do absolutely nothing about the problems we highlight and amplify.
The best restraint is old-fashioned market discipline, in which financial traders know that they, personally, will lose a ton of money if they take risky bets that don't pan out.
It is true that when we take chances, we stand to lose. But it is also true that we will never win anything if we never even enter the game. Lucky people are aware of the possibility of losing, and indeed they may lose often. But since the chances they take are small, the losses tend to be small. By being willing to accept small losses they put themselves in position to make large gains.
Take the whole range of imaginative literature, and we are all wholesale borrowers. In every matter that relates to invention, to use, or beauty or form, we are borrowers.
Where I grew up in St. Louis, Saturday was country music day on television. We'd watch the Bill Anderson show, the Willie Nelson show, the Dolly Parton and Porter Wagoner show, and always the Grand Ole Opry. My parents were fans of that music, and my friend's parents would pull the TV out and watch those shows on the porch.
The average credit score of today's FHA borrowers is higher than the average American household with a score. As it becomes more costly and difficult to get a FHA loan, loans from private mortgage lenders will become more attractive and their market share will grow.
While payday loans are often the only source of credit for low-income Americans, these lenders are notorious for predatory practices that cause borrowers to fall deeper into debt.
Grown-up people do very little and say a great deal.... Toddlers say very little and do a great deal.... With a toddler you cannot explain, you have to show. You cannot send, you have to take. You cannot control with words, you have to use your body.
My guys look for me to step up in that magnitude and I take the challenge every time. Sometimes you win and sometimes you lose, but you've got to have a guy that will take those shots and deal with the consequences.
When I grew up in the Bronx, we always had everyone telling us, 'Watch out for the system, watch out for child welfare, watch out, they'll get you,' and I grew up with this feeling of, 'Society is over there and they're dangerous and not safe.'
Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score?
It seems to me that a market exchange rate which is not artificially controlled by central banks enables one to balance the interests of different market players - exporters and importers, investors, borrowers, lenders.
Substantive and procedural law benefits and protects landlords over tenants, creditors over debtors, lenders over borrowers, and the poor are seldom among the favored parties.
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