Richard Grasso Quotes

In college I started studying the stock market. I went down to the stock exchange, watched all the activity from the visitors' gallery, people running around, calling numbers, shouting, and all the paper flying and the bells ringing, and of course that was exciting, and it seemed to lend itself to my analytical skills.

You can't manage Wall Street. Wall Street has its own viewpoints on everything. I have always believed, if you manage your business correctly, Wall Street will take care of itself.

As I've told my three daughters, all of whom I've at one time encouraged to go into macro trading, any man or woman can do anything to which they set their heart and mind.

Profits on the exchange are the treasures of goblins.

What I find very interesting about the mutual funds managers is that here are people who are the new masters of the universe. They're managing billions, yet they're subject to this quiet daily tyranny of numbers.

I always tell my traders that they would've loved the 1990s because it was a fairly easy time to make money.

Thanks, Mr. President. Nobody has complimented the stock exchange for a long while.

The markets were run by mathematicians and their models but they had no business sense.

There can be few fields of human endeavor in which history counts for so little as in the world of finance.

To be the best CEO you can be, you have to be passionate about the business you're running. And I have true passion for the financial markets and the financial industry.

In reality, no one on Wall Street cares about anything except performance.

There are a lot of parallels between being a mutual fund manager and being a general manager. Both in the financial markets and in baseball, we're dealing with a world where uncertainty reigns. We're trying to predict the future performance of human beings. It's a fundamental difficulty for which we both have to account.

You cannot have the financial system crippled because of lack of decision making and lack of quality people.

I went into investments out of interest and thought I knew a little. The longer I've been involved, the less I realise I'd known.

I'm the cash cow now, man. It's the Cejudo way.

People can say what they want about a person, but if you're successful and you make them money, then people don't care.

Management always has a big influence on your success, no matter how good or how bad the business is itself.

The entire economy relies on the suspension of disbelief. So does a fairy story or an animated cartoon. This means that no matter how soberly the financial experts dress, no matter how dry their language, the economy they worship can only ever be as plausible as an episode of 'SpongeBob SquarePants.'

The good thing about a dealer's derivatives portfolio is that it is marked to market.

2005 is highly likely to be a more challenging environment, both for policymakers and investors.

I always felt that Jay Z, if he had a different upbringing, could be on Wall Street or in politics. If you really listen to Jay Z talk, he's kind of the smartest guy in the room.

I am the CEO of HCL Corporation, and, of course, a large part of my time does get spent in HCL Corporation, whether it is in actively managing our investments or perhaps even the governance and accountability and really seeing the strategic direction forward for HCL Corporation.

The problem with most people who play the market is that they are not flexible.

The minute I went into business, I was a success, and I've done well ever since.

I'm no financial expert. I scarcely know what a coin is. Ask me to explain what a credit default swap is, and I'll emit an unbroken 10-minute 'um' through the clueless face of a broken puppet. You might as well ask a pantomime horse.