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Quote by Eli Broad

“I learned to embrace risk, as long as it was well thought out and, in a worst-case scenario, I'd still land on my feet.”

Quote by Eli Broad

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Eli Broad
Eli Broad

Eli Broad is an American businessman and philanthropist who co-founded KB Home and The Broad private equity firm in the 1960s. He has been involved in various business ventures throughout his career, including real estate, finance, and technology. Broad is also known for his substantial philanthropic efforts, particularly in the areas of education and the arts. more

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“The securitisation of mortgages added a new dimension of systemic risk. Financial engineers claimed they were reducing risks through geographic diversification: in fact they were increasing them by creating an agency problem. The agents were more interested in maximising fee income than in protecting the interests of bondholders. That is the verity that was ignored by regulators and market participants alike.”