Shareholders share in the downside and not necessarily in the upside; that's the whole story. John Gutfreund More Quotes by John Gutfreund More Quotes From John Gutfreund Commercial banks are very good for certain businesses, like loans and guarding other people's money. They're not great investors or entrepreneurs. John Gutfreund commercial-banks entrepreneur people People in Philadelphia are a world apart from New York. They're very different from people in the New York scene. The New York scene wants your visibility and wants your money. John Gutfreund philadelphia new-york people I have never been a social lion; I was misidentified as one because I have a very attractive second wife. John Gutfreund lions wife social I thought that ending Glass-Steagall was a mistake. John Gutfreund glasses mistake I never thought of myself as a king. People really want you to be their deity. They forget the fact that you are a person who has feelings and doubts. John Gutfreund kings feelings people I don't have many regrets. I regret mistakes, particularly those that damage other people, and we've all made some of those. But I'm not sad about change. John Gutfreund sad regret change people Proprietary stock-index arbitrage is but one aspect of program trading. Arbitrage will take place whenever there is an imbalance created in one or more markets that are similar. John Gutfreund more will place take The media, the polls and our legislatures fortunately have short attention spans. John Gutfreund short polls media attention I am more rich in goods than I am in money. John Gutfreund i-am more rich money
