Quotes About Financial Derivatives

#1. By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.

Alan Greenspan

#2. If you have a traditional view of economics, you're probably thinking of Ben Bernanke making Fed policy, or the guys creating financial derivatives at Goldman Sachs.

Emily Oster

#3. Simply, humans should not be given explosive toys (like atomic bombs, financial derivatives, or tools to create life).

Nassim Nicholas Taleb

#4. Inappropriate macro economic policies in some economies, characterised by [a] low savings rate and high consumption [and] failure of financial supervision and regulation to keep up with innovation which allowed financial derivatives to spread.

Wen Jiabao

#5. The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions ... Derivatives have permitted the unbundling of financial risks.

Alan Greenspan

#6. It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade. The worst have failed; investors no longer fund them and are not likely to in the future.

Alan Greenspan

#7. It just ain't possible to explain some things. It's interesting to wonder on them and do some speculation, but the main thing is you have to accept it-take it for what it is, and get on with your growing.

Jim Dodge

#8. 'Bush v. Gore' gave us a president who lost the popular vote, eventually appointed two more justices, and led us into a war of choice while failing to regulate a financial system dependent on toxic mortgage-backed derivatives.

Marvin Ammori

#9. In life's work, bliss and sacrifice are two sides of the same coin, complementary opposites.

Laurence Boldt

#10. Derivatives in and of themselves are not evil. There's nothing evil about how they're traded, how they're accounted for, and how they're financed, like any other financial instrument, if done properly.

James Chanos

#11. Derivatives are financial weapons of mass destruction.

Warren Buffett

#12. Careful, even now, not to thank the wights, she added, You have all been most kind.

Cecilia Dart-Thornton

#13. He pressed a kiss to my ear. "Do you feel stretched? Can you tell I've been inside you?"
I nodded, feeling my knees go a little weak from the tone in his voice.
"Good. I like knowing you can feel where I've been.

Abbi Glines

#14. In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.

Warren Buffett

#15. The beauty of a financial institution is that there are a lot of ways to go to hell in a bucket. You can push credit too far, do a dumb acquisition, leverage yourself excessively - it's not just derivatives [that can bring about your downfall].

Charlie Munger

#16. The subprime disaster was a result of financial bombs - derivatives - exploding in financial institutions such as AIG and Lehman Brothers, as well as banks and financial institutions throughout the world.

Robert Kiyosaki

#17. The model used by Wall Street to price trillions of dollar's worth of derivatives thought of the financial world as an orderly, continuous process. But the world was not continuous; it changed discontinuously, and often by accident.

Michael Lewis

#18. I've always been called 'Suki,' but my actual first name is Alice.

Suki Waterhouse

#19. Capitalism has become systemically risky when a single financial algorithm like the one that David X. Li created brought the entire global economic system close to collapse in 2008.

Said Elias Dawlabani

#20. No wonder men got impervious to superficial pain, I thought. It came from this habit of hammering each other incessantly.

Diana Gabaldon

#21. Those who give light cannot keep it from themselves.

Matshona Dhliwayo

#22. With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly.

Ben Bernanke