We measure these flows entirely based on data filed by governments at the World Bank and the IMF. We apply two very established economic models. One is the World Bank's residual method, and the other is the IMF Direction of Trade statistical approach. These models have been used by economists for decades but we were the first group to apply these models to all developing countries.
— Raymond Baker“The 'beneficiaries' of these loans are just like us- consumers who need to borrow money to create economic opportunity for themselves, their families and their children- they would not wish to be treated as a charity in this regard, and we owe them the dignity of therefore doing business with them in a professional manner.”— Not Available
The quote archive
Wisdom in fragments
A growing archive of 3,000+ moments, drawn from every interview.
The reality is we live in a very dynamic world that's full of risks and all we should really care about are risk drivers – both financial and non-financial. Alternatives may provide us with ways of hedging out or managing future risks better.
— Dr. Bob SwarupIf somebody told me the US stock market returned 12% per annum over the last 50 years, I would simply ask them what the returns were over the last 150 years, 250 years, 10 years and so on. I could make up any return I want just by picking the appropriate time period.
— Dr. Bob SwarupNone of this is new. The Romans traded forward contracts in commodities 2000 years ago; a Dutch fugitive, Isaac le Maire, conducted the first ever bear attack on a stock in 1610, leading also to the first ever regulatory ban on short-selling that same year.
— Dr. Bob SwarupThe notion of 'alternative' as an asset class sits badly with me because for me, saying hedge-funds – as an example – are an asset class is akin to comparing mutual-funds to being an asset class. The sheer diversity within these groups makes it difficult to define them as a class in their own right, given the complete lack of commonalities across the board.
— Dr. Bob SwarupThe Pritzker Prize recognizes not just technical excellence, but architects who have made a significant contribution to humanity through the built environment.
— Martha ThorneArchitecture has the power to democratize space - to create environments where all people, regardless of their background, can participate in civic life.
— Richard RogersRenowned British Architect & Designer of Iconic Modern Buildings
Cities are the future of humanity. How we design them will determine whether we create sustainable, equitable communities or contribute to further environmental and social decay.
— Richard RogersRenowned British Architect & Designer of Iconic Modern Buildings
The role of the architect is not just to create beautiful buildings, but to improve the quality of human life through the built environment.
— Richard RogersRenowned British Architect & Designer of Iconic Modern Buildings
Architecture is a direct reflection of society - its aspirations, its achievements, its failures. It's a mirror that shows us who we are and who we want to be.
— Richard RogersRenowned British Architect & Designer of Iconic Modern Buildings
We believe that by being open, honest and transparent with communities- they are more likely to protect, respect and patronise our projects. Our primary responsibility is to make money for our investors. That however, is not mutually exclusive to making positive change.
— K. Robert “Bobby” TurnerI typically think impact investing, on the whole, can generate better risk-adjusted yields than the alternatives.
— K. Robert “Bobby” TurnerYou may have gone to the best business school in the world and learned that the three most important things in real estate are location, location, location- but it's just not true! It's relationship, relationship, relationship.
— K. Robert “Bobby” TurnerI have not been an urban investor in re-gentrification, which tries to change the character of a community and, candidly, is very speculative. Instead I look at revitalisation, which constitutes investing in existing densely populated and ethnically diverse communities and delivering the goods and services that are sought after but not provided.
— K. Robert “Bobby” TurnerIf one wants to treat societal problems, then philanthropy and government spending are fine. If one wants to cure societal problems, one has got to come up with sustainable solutions- and that means attracting for-profit capital.
— K. Robert “Bobby” TurnerI grew up in Canada and have a lot of friends in Argentina. In the early part of the 20th Century, Argentina was wealthier and had a higher per-capita income than Canada. The country had severe governance issues which impacted economic and social development.
— Michael SpenceNobel Prize-winning economist; Stanford provost and NYU president