"Billy Salomon... along with Charles Simon and Sidney Homer predicted... that research would become a critical function of the firm. ... Sidney was given a free hand in creating a bond market research operation. Years later, he wrote a... memoir... Fun with Bonds. Sidney was taken into the firm as a general partner when he was nearly 60 years old. ...such a step would be impossible today ...Sidney wrote with great clarity. ...I later came to appreciate his great historical sensibilities when he asked me to review and edit a draft of a book... A History of Interest Rates... covering 40 centuries and 40 nations. When Sidney and I met... he was looking for an assistant to help him build a research department devoted solely to money and bond markets."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Jews from the United StatesImmigrants to the United StatesEconomists from the United StatesBusinesspeople from New York CityCompany founders
Original Language: English
Available Languages (1)
Sources
Imported from EN Wikiquote
https://en.wikiquote.org/wiki/Henry_Kaufman
Revision History
No revisions have been submitted for this quote.
Categories
Henry Kaufman
(born October 20, 1927) is President of Henry Kaufman & Company, Inc. and is known, by some critics of his economic analyses and prognostications, as "Dr. Doom." Kaufman worked in commercial banking and served as an economist at the . After the Federal Reserve, he spent 26 years with , where he was Managing Director, Member of the Executive Committee, and in charge of the Firm’s four research departments. He was also a Vice Chairman of the parent company, Salomon Inc. He also served as a directo
27 quotes on TrueQuotesView all quotes by Henry Kaufman →
Related Quotes
"The proliferation of credit instruments, financing techniques, and vast matrices of trading and investing opportuniti…"
"The current plethora of instant interpretations tends to emphasize the near-term without adequate regard for longer-t…"
"Judgements on the performance of our economy require a clearly defined objective. Too often... there are multiple and…"
"Often the real value of management decisions does not become apparent until many years later. Perhaps what we should …"
"I take great pride in being an American. Consequently, when financial excess threatens our economic moorings, and thu…"
"The credit approval process began with the analysis of balance sheets and profit and loss statements. For those who k…"
"[A] balance sheet is a snapshot of one moment in time, and thus presents a very limited view... To be a good banker, …"
"[A] profit and loss statement is not simply a collection of figures, but rather—for the perceptive banker—a window in…"
"[G]ood bankers understand the shortcomings of accounting and know how to correct for them."
"What fascinated me about Drucker, and still does, is how he infuses his broad perspective on business issues with phi…"