Quote #63,781
“The very nature of finance is that it cannot be profitable unless it is signific…” — Alan Greenspan
The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure and contagion.
check_circle
Copied to clipboard!
Topics
More from Alan Greenspan
View AllOne of the major problems with China is that its innovation is largely borrowed technology.— Alan Greenspan
topics:
Technology
I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.— Alan Greenspan
topics:
Success