A Quote by Seth Klarman

Many LBOs are man-made disasters. When the price paid is excessive, the equity portion of an LBO is really an out-of-the-money call option. Many fiduciaries placed large amounts of the capital under their stewardship into such options in 2006 and 2007.

Seth Klarman

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Call Capital Disasters Equity Excessive Large Made Man Man-Made Many Money Option Options Out Paid Placed Portion Price Really Stewardship

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Seth Klarman
American - Author
Born: May 21, 1957

There's nothing wrong with raising venture capital. Many lean startups are ambitious and are able to deploy large amounts of capital. What differentiates them is their disciplined approach to determining when to spend money: after the fundamental elements of the business model have been empirically validated.

Eric Ries

I'm struck by the fact that by and large equity capital doesn't play a big role in new financing; it's either bonds or internal financing but not really equity. And therefore, it's not clear that anything which improves the equity markets has really much to do with the productivity of the economy as a whole.

Kenneth Arrow

The role of private equity as fiduciaries is certainly to make money.

Thomas G. Stemberg

For price is everywhere regulated by the return obtained by this last portion of capital, for which no rent whatever is paid.

David Ricardo

Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity. Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.

Alan Greenspan

The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks.

Warren Buffett

Citadel's Capital Market division plays an important role in our nation's financial markets. Our broker-dealer is the largest market maker in options in the United States, executing approximately 30 percent of all equity option trades daily.

Kenneth C. Griffin

I mean, the paradox is that whereas the screen, it seems to me - the cinema can absorb endless amounts of music, it cannot really with comfort absorb large amounts of words. Not nearly as many words, that is to say, as a stage can.

Bob Mondello

I've done fine in this business, but I've never made quite enough money to have a family or have many options.

Larry Drake

All taxpayers feel a tremendous sense of frustration as they see many tens of billions of dollars of bonuses paid to the same mega banks that were on the brink of bankruptcy and were only saved by massive government rescue money and support. We are not satisfied by the fact that many of them have paid the money back, nor should we be.

John Delaney

You could increase farmworker wages significantly and not change the price to the consumer at all - for instance, if you redistribute how revenue is paid out across the food chain. Labor costs, particularly farm labor, is a tiny portion of the price we pay at the supermarket.

Anna Lappe

Too many startups get in the habit of continually raising more and more money, which has the deleterious effect of both pushing out profitability and limiting your exit options. The less rounds of capital you need to raise, the more of your company you get to own.

Jay Samit

Some people have many options but for me football was my only option, so I gave everything.

Demba Ba

A female newcomer and a male newcomer will get paid different amounts of money. You're a newcomer, nobody knows who you are, man or woman doesn't matter. But you're going to get paid different money.

Anushka Sharma

It seems unwise to allocate a large portion of investable capital to any one deep value opportunity, even if the latter promises a large expected return.

John Mihaljevic

We have to choose every day to be active participants. To wake up in the morning and choose this life and make something of it is an incredible thing. Not many living creatures have that option. We have so many opportunities and options - it's a huge burden, but it's also the most freeing part of our lives.

Brie Larson

A Quote by Seth Klarman

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