“What's remarkable about Israel's economy is that in the last few years we have situations which, in any other country, would have been totally disruptive. In the last couple of months alone we have seen literally hundreds of missiles and mortars fired at us from one of our neighbours... The incredible thing is that none of these threats have a measurable impact on our economy!”
— Michael Freedman
Mathematician & Topologist, Solved the 4-Dimensional Poincaré Conjecture

The quote archive

Wisdom in fragments

A growing archive of 3,000+ moments, drawn from every interview.

Institutional investors are decidedly more process-oriented in their due diligence, with a quantitative focus, while their non-institutional counterparts generally have a more qualitative approach and require fewer data points in the course of their due diligence.

— Jeff Joseph

The visibility of hedge fund managers, particularly 'star' managers of large and/or successfully performing funds, will increase to a larger and broader audience in the same manner that mutual fund managers became celebrities in the 1990s.

— Jeff Joseph

The old adage 'hedge funds are bought, not sold', will likely need to be revisited. Likewise, firms will be forced to adapt and evolve their infrastructures to process and pursue inbound inquiries from prospective investors.

— Jeff Joseph

Clothing concerns all of the human person, all of the body, all of the relationships of man to body as well as the relationships of the body to society.

— Roland Barthes

French literary theorist & semiotician; pioneer of structuralism & cultural criticism

Dress is the way in which individuals learn to live in their bodies and feel at home in them.

— Joanne Entwistle

Fashion is one of the most influential phenomena in Western civilisation since the renaissance. It has conquered an increasing number of modern man's fields of activity and has become almost 'second nature'.

— Lars Svendsen

Fashion is either one of the crowning achievements of western civilization or it is incontrovertible evidence of consumer culture's witless obsession with the trivial and the unreal.

— Kurt W. Back

Each time we get a bit of momentum in the economy, each time our exporters make up for the fact that domestic demand is flat.... we get knocked back by the Euro Zone.

— John Cridland

Director-General of the Confederation of British Industry (CBI)

The biggest challenge is a lack of confidence. Confidence is preventing businesses from investing significant amounts of their balance sheet strength, they simply do not feel they will get returns on that investment, and so they're holding cash.

— John Cridland

Director-General of the Confederation of British Industry (CBI)

I would essentially start by abandoning everything Osborne set out to do. I would be cutting taxes, not raising them. I would immediately reverse the VAT raise that he had. I would impose those within an hour of taking office.

— David Blanchflower

Former Federal Reserve Member & Leading Labor Economics Scholar

The economy is in the doldrums and likely to worsen. The UK economy has performed worse than most Euro Zone countries, and the calls for a change, of course, are becoming pretty loud. The government's economic strategy is clearly in disarray.

— David Blanchflower

Former Federal Reserve Member & Leading Labor Economics Scholar

Not all financial contracts are created equal. We should not assume that there is one single benchmark for all types of financial transactions. There are certain transactions that should be based on market rates, and others which call for the kind of benchmark that LIBOR provides.

— Andrew Lo

MIT Finance Professor & Pioneer of Quantitative Finance & Behavioral Economics

It's definitely affected the psychology of the marketplace. It could not have come at a worse time. We have to deal with this expeditiously and make the system more robust to these kind of issues.

— Andrew Lo

MIT Finance Professor & Pioneer of Quantitative Finance & Behavioral Economics

Once you're able to reduce the human element, and automate the reporting of these statistics- you will be greatly reducing the potential for misbehaviour. This is where regulators can leverage technology, reduce their burden.

— Andrew Lo

MIT Finance Professor & Pioneer of Quantitative Finance & Behavioral Economics

It certainly plays a much bigger role than was ever intended to. A number of financial institutions and contracts rely on LIBOR as the benchmark by which other rates are set. I don't think it was ever intended that LIBOR would play such a central role between so many institutions and contracts.

— Andrew Lo

MIT Finance Professor & Pioneer of Quantitative Finance & Behavioral Economics

Financial markets depend on trust, and we had precious little trust as it was. The LIBOR scandal has done nothing to restore that trust. We have to do a lot more work on our regulations, procedures and regulators to re-establish that level of trust.

— Andrew Lo

MIT Finance Professor & Pioneer of Quantitative Finance & Behavioral Economics