Reformation, like education, is a journey, not a destination
I am not embarrassed to be a banker. I am not embarrassed to be in business.
I don't think you're going to have one bank. Big companies aren't going to give us all their business. So they can pick and choose - by product, by country, whatever. We have major competition across every product in every place we operate.
But in general, as countries get wealthier, there's going to be more savings, which means you're going to have intermediation. So part of it is just the huge growth in wealth, and part of it was globalization - these companies, these clients getting much bigger and much more global.
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?"
I am struck that so many of our leaders in the U. S. forget how strong our country can be.
My guess is the big Chinese banks will be in 100 countries by then. They will have very sophisticated operations, and they may very well have bought banks around the world in countries that allow it. I mean, I don't think the American government would allow them to buy JPMorgan. But they will be able to buy a sizable big bank in the U. S. at some point. Whether they do or not, or if it's allowed or not, I don't know.
We are more likely to fail as craftsmen due to our inability to organize obsession than because of our lack of ability.
Those who are incapable of shining out by dress would do well to consider that the contrast between them and their clothes turns out much to their disadvantage.
She didn't have words for what Levi was. He was a cave painting. He was The Red Ballon. She lifted her heels and pulled him forward until his face was so close, she could look at only one of his eyes at a time. "You're magic," she said.
Even though I always knew I had a good nose for fragrances, the process of creating my own, 'Alive,' turned out to be a great learning experience for me. And the name explains my reason behind it. Smelling good makes you feel alive.