Wilbur Ross Professions : Investor Born : November 28, 1937 Browse All Authors Top 76 quotes by Wilbur Ross We're in the business not so much of being contrarians deliberately, but rather we like to take perceived risk instead of actual risk. And what I mean by that is that you get paid for taking a risk that people think is risky, you particularly don't get paid for taking actual risk. Wilbur Ross mean people thinking Banking, I would argue, is the most heavily regulated industry in the world. Regulations don't solve things. Supervision solves things. Wilbur Ross regulation banking world What is worrisome about that is the U.S. standard of living. I think it is very difficult to envision our standard of living being preserved if we are in an economy where all people do is flip hamburgers, wait on people in stores, and sue each other. It’s not much of a basis for an economy. Wilbur Ross waiting people thinking Shale gas, if left to flourish, could create several hundred thousand more jobs. Wilbur Ross gas hundred jobs You cannot just keep borrowing more and more and keep spending more and more without eventually having a day of reckoning. Wilbur Ross borrowing reckoning spending I see myself as a private-equity investor that helps rebuild companies. Restructuring is a cottage industry in that there aren't that many serious practitioners. Wilbur Ross cottages serious helping Ships are a strange kind of commodity because they're very lumpy, very big individual units, but they're commodities. Wilbur Ross ships strange kind I'm pro-trade, but I'm pro-sensible trade, not pro-trade that is to the disadvantage of the American worker. Wilbur Ross disadvantages trade sensible Between the Community Redevelopment Act, requiring banks to make what I would call very weak loans, and specific quotas that the Congress imposed on Fannie Mae and Freddie Mac, that created the market demand that really led to the subprime phenomenon. Wilbur Ross quota demand community There is a future for the auto parts industry, but it needs a consolidation and a rationalization of geography in that most suppliers have facilities in the U.S., although most of their customers are overseas. Wilbur Ross consolidation geography needs Each weekend I play at least one and maybe two sets of tennis a day. My doubles team was in the finals recently at my tennis club in Palm Beach and lost a tiebreaker after a three-hour match. I must confess, by the end of the three hours, I was relieved it was over. Wilbur Ross weekend team beach If you want to do something to destroy consumer spending, just eat away at the middle class because the other problem we have is the structural problem of middle class America. Wilbur Ross want class america The Temporary General License extension will allow carriers to continue to service customers in some of the most remote areas of United States who would otherwise be left in the dark. Wilbur Ross technology The question is, are they willing to commit to it? And if they are willing to commit, are there any escape hatches to the commitment? Wilbur Ross business The devil is always in the details. And we're down to the last details now. Wilbur Ross business There are enough problems with telephone service in the rural communities - we don't want to knock them out. So, one of the main purposes of the temporary general licenses is to let those rural guys continue to operate. Wilbur Ross top-news We're hopeful that phase one will be the precursor of a much more robust set of agreements. Wilbur Ross top-news If we resolve phase one, that will calm people down a lot because they'll see an end point is hopefully within sight. Wilbur Ross top-news One (option) would be to say, 'I'm just not going to do anything', the second would be to impose tariffs on some or all (countries) .?.?. ?the third might be some other form of negotiation. Wilbur Ross company-news We do not love tariffs, in fact we would prefer not to use them, but after years of discussions and no action, tariffs are finally forcing China to pay attention to our concerns, we could have had a deal two-and-a-half years ago without going through the whole tit-for-tat on tariffs that we have. Wilbur Ross business Similar Authors Bill Gates investor Alan Patricof investor Benjamin Graham investor Isabel dos Santos investor Irving Kahn investor Dean Graziosi investor All Authors
