I testified truthfully to the best of my ability in response to what my understanding of what the questions were. Wilbur Ross More Quotes by Wilbur Ross More Quotes From Wilbur Ross The one term I don't like to be called is a 'vulture.' Because to me, a vulture is a kind of asset-stripper that eats dead flesh off the bones of a dead creature. Our bird should be the phoenix, the bird that reinvents itself, recreates itself from its ashes. And that's much closer to what it is that we really do. Wilbur Ross deadlikemebird Regulations don't solve things. Supervision solves things. If we could figure out that the subprime thing was a train wreck that was coming, where were the regulators? Wilbur Ross comingwherethingstrain The E.U., China, and Japan all talk free trade, and they all practice protectionism. Wilbur Ross talkfreechinapractice The reality is if something were to happen that cost China jobs - like, if they upwardly revalued the currency a lot - those jobs aren't going to come back to the U.S. They would go to Vietnam; they would go to Thailand. They would go to whatever country was the lowest cost. Wilbur Ross backgocountryreality I don't think there's anything inherently wrong with a bank being big. In fact, there are some good arguments about universality of geography that in theory, if you have all your eggs in one little community, and some big employer goes out, that could be your downfall. Wilbur Ross goodthinkyoucommunity There is no evidence that more regulation makes things better. The most highly regulated industry in America is commercial banking, and that didn't save those institutions from making terrible decisions. Wilbur Ross decisionsbetterthingsamerica If you add up all the promises any politicians makes, the math doesn't work. Wilbur Ross promisespoliticiansyouwork In many critical things, such as the very high purity of the aluminium we need in aerospace, we only have one producer. That's not a good formula. Wilbur Ross highneedthingsgood If people know you have the big bazooka, you probably don't have to use it. Wilbur Ross bigknowyoupeople Generally speaking, companies get into bankruptcy as a kind of meritocracy. Somebody made some sort of big mistake, to get into bankruptcy, and very often, a part of the mistake is too much leverage. Wilbur Ross somebigtoo-muchmistake My wife Hillary sometimes accuses me of trying to reinvent the 19th century. In some ways she's right because I like things that I can understand and that aren't too complicated. Wilbur Ross understandmewifesometimes I think it's natural for any manager to want to grow his business. The question is at what rate, and in what direction, and in what format? Wilbur Ross directiongrowthinkbusiness Shipping has a great oversupply of vessels that came from over-ordering a few years back. We think 2014 may be when it turns around. Wilbur Ross backgreatthinkyears I think at the end of the day, the real sick man of Europe is liable to turn out to be France, not Greece, not Portugal, not Spain, not Italy. The reason is France is very uncompetitive to begin with on a global scale, and the measures that Hollande has been putting in have been very, very negative from the point of view of economic growth. Wilbur Ross daymangrowthsick The typical big Japanese company has somewhere between a third and 40 percent of its revenues coming from developing countries, and about a third of Japan's exports are also to the emerging countries, so in a strange way, Japan, which has very little internal growth, its big companies are a good way to play the emerging markets. Wilbur Ross goodstrangegrowthway
