“Media is very different from financial services. People are very fickle and very vocal. They believe that things should be one way and not the other. It's still very rewarding to build products for huge audiences. It feels like you're making an impact.” PeopleWayFeelsShouldBelieveStillsDifferentAudienceMediaProductsHugeLike YouImpactFinancialOne WayVocalFickleFinancial Services Author:Max Levchin
“I believe that the profits will come from the quality of your creative products. Since the beginning, I've always wanted to develop a self-feeding circle of creative productions: the positive financial returns from one show would be used to develop and create a new show, and so on.” BelieveSelfShowsWould BeWantedUsedI BelieveQualityCreativeProductsReturnFinancialProfitProductionsCirclesFeeding Author:Guy Laliberte
“Minnesotans lost their jobs because the credit rating agencies didn't do the only job they're supposed to have, the only job they had, which is to give accurate, objective ratings to financial products.” GivingJobsLostProductsFinancialCreditObjectivesAgencyAccurateRatingMinnesotans Author:Al Franken
“Nine out of ten adult Americans have a checking account. It's the most widely used financial services product in the United States.” StatesUsedUnitedUnited StatesProductsTenAdultsAccountsFinancialNineFinancial ServicesChecking Accounts Author:Carolyn Maloney
“The primary reason in starting a business part-time is not so much to make a product great. The real reason for starting a part-time business is to make you a great businessperson.” RealReasonProductsStartingFinancialPrimariesPart TimeGreat BusinessStarting A Business Author:Robert Kiyosaki
“It is the fear of death - 24/7 in every shade of hospital white and doomsday black--that sells the pharmaceutical, political, financial, film, and food product promising to make good the wish to live forever.” FilmPoliticalDeathWishBlackWhiteForeverProductsSellsFinancialHospitalsShadeFear Of DeathLive ForeverPharmaceuticalDoomsday Author:Lewis H. Lapham
“Retaining 'Monday Night Football' simply did not make smart financial sense for ABC. We could not reconcile the fees against the revenue. We love football at ABC. It's been a love affair for 36 years. It will go down in the history of sports television, being created on ABC and with this magnificent run. But at this point, given the success we're having with our entertainment product and the financials, we deemed that this was the proper move for us. We're not looking back .” YearsRunningMovingNightGivenSportsTelevisionFootballProductsSmartAffairFinancialEntertainmentMagnificentLooking BackMondayRevenueLove AffairReconcileFeesRetainingMonday NightMonday Night Football Author:George Bodenheimer
“The current financial crisis calls out for new products and services as well as more, not less, information about what is safe and profitable in the future environment.” WellsEnvironmentInformationProductsSafeCrisisInvestingFinancialCurrentsProfitableFinancial CrisisNew Products Author:Jeremy Siegel
“Big banks churn out page after page of incomprehensible fine print to obscure the cost and risks of checking accounts, credit cards, mortgages and other financial products. The result is that consumers can't make direct product comparisons, markets aren't competitive, and costs are higher. If the playing field is leveled and the broken market fixed, a lot more money will stay in the pockets of millions of hard-working families. That's real stimulus - money to families, without increasing our national debt.” IfsRealHardBigsResultsMillionsRiskFieldsProductsHard WorkBrokenFineHigherCostPagesDirectAccountsFinancialCreditDebtCardsConsumersFixedPocketsComparisonPrintMore MoneyObscureStimulusMortgageCredit CardPlaying FieldsNational DebtFine PrintChecking Accounts Author:Elizabeth Warren
“Make your company stock a consumer product. When consumers buy stock in your company, they'll never buy a competitive product. You've linked their financial future to yours.” CompanyProductsFinancialConsumersLinked Author:Faith Popcorn
“Financial innovation can be highly dangerous, though almost no one will tell you this. New financial products are typically created for sunny days and are almost never stress-tested for stormy weather. Securitization is an area that almost perfectly fits this description; markets for securitized assets such as subprime mortgages completely collapsed in 2008 and have not fully recovered. Ironically, the government is eager to restore the securitization markets back to their pre-collapse stature.” GovernmentDangerousProductsFitAreasStressInnovationFinancialWeatherDescriptionAssetsCollapseTestedSunnyMortgageStatureStormySunny DayStormy Weather Author:Seth Klarman
“How could Digital's collapse be so precipitous? It's because, in many ways, financial performance data is misleading. As you move up to the top of the market, you're getting rid of the less profitable products at the low end and adding business with more attractive margins at the high end. The rate of unit volume growth might be tapering off as you pursue these smaller markets, but your margins actually look better. So Wall Street rewards your stock price until you hit the ceiling.” WayLooksEndsMightMovingGrowthStreetsProductsWallLowsPerformancesRewardsRateFinancialPursueDataAttractiveDigitalCollapseVolumeUnitsProfitableMarginsCeilingsMisleadStock PriceTapering Author:Clayton Christensen
“If you were a corporation needing financial services, and I can give you something better, faster, and cheaper across 12 products as opposed to eight, that's business. I'm doing it because I'm serving you; I'm not doing it because I want to be universal.” IfsWantGivingI CanProductsUniversalFinancialEightFasterCorporationsServingSomething BetterCheaperFinancial Services Author:Jamie Dimon
“Look at the product pipeline, look at the fantastic financial results we've had for the last five years. You only get that kind of performance on the innovation side, on the financial side, if you're really listening and reacting to the best ideas of the people we have.” PeopleIfsYearsLooksKindIdeasLastsSidesResultsEconomyFiveProductsListeningPerformancesInnovationFinancialFantasticFive YearsReactingPipelineLast Five YearsFinancial Results Author:Steve Ballmer