BusinessQuotes

Bob Diamond, Head of Barclays, On his early days on the repo desk

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  • He tells the story of being a young trader, looking with pride at his book of trades because he’d never made a trade that lost money, until he realized that never losing money on a trade made him a loser on Wall Street, not a winner, because it meant he wasn’t taking enough risk.

  • — Bob Diamond, Head of Barclays, On his early days on the repo desk
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Quotes

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Chicago's first insurance agent, Gurdon Hubbard, felt honor bound to sell his own property to pay the claims of people he had personally underwritten, since many of the companies he had invested in or underwritten had passed into bankruptcy.

—Great Fire of Chicago
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