“Imagine you had a bank that each morning credited your account with $1,440 - with one condition: whatever part of the $1,440 you failed to use during the day would be erased from your account, and no balance would be carried over. What would you do? You'd draw out every cent every day and use it to your best advantage. Well, you do have such a bank, and its name is time. Every morning, this bank credits you with 1,440 minutes. And it writes off as forever lost whatever portion you have failed to invest to good purpose.” WritingWellsUseWould BePurposeNamesLostMorningForeverImagineMinutesConditionsBalanceDrawsAdvantageAccountsCreditPortionsCentsEvery Morning Author:Ann Landers
“I mean the whole economy just comes to a grinding halt. Competence in markets and in institutions, it's a lot like oxygen. When you have it, you don't even think about it. Indispensable. You can go years without thinking about it. When it's gone for five minutes, it's the only thing you think about. And the oxygen has been sucked out of the credit markets.” ThinkingYearsMeanHas BeensWholeEconomyGoneFiveMinutesInstitutionsCreditIndispensableOxygenFive MinutesCompetenceHalt Author:Howard Warren Buffett
“Let's look at lending, where they're using big data for the credit side. And it's just credit data enhanced, by the way, which we do, too. It's nothing mystical. But they're very good at reducing the pain points. They can underwrite it quicker using - I'm just going to call it big data, for lack of a better term: "Why does it take two weeks? Why can't you do it in 15 minutes?"” WayLooksDoeTwoBigsPainSidesTermWeekMinutesVery GoodCreditDataMysticalReducingTwo WeeksLending Author:Jamie Dimon
“Like anyone, I stress and get hard on myself from time to time, but it's minute compared to the pressure I used to put on myself to perform and succeed. To my kids' credit, they've probably helped me the most here: I'm more worried about what they're doing than what I'm doing!” HardKidsUsedMinutesSucceedStressPressureCreditWorried Author:Amanda Beard