To set aside one’s prejudices, one’s present needs, and one’s own self interest in making a decision as … - Mervyn King

Same topic Authors

Quote of the day

If haters or whatever want to find you - I mean, some of them are so tenacious. You want to hire them to work for you. Theyre very, very savvy in terms of how they find you and get to you.

Mervyn King

To set aside one’s prejudices, one’s present needs, and one’s own self interest in making a decision as a director for a company is an intellectual exercise that takes constant practice. In short, intellectual honesty is a journey and not a destination.

Company, Destination, Exercise, Honesty, Journey

Same Author Quotes

Of all the many ways of organising banking, the worst is the one we have today.

Banking, Organising, Today, Way, Ways

Global market forces will sort out those companies that do not have sound corporate governance.

Company, Force, Governance, Sort, Sound

When banks extend loans to their customers, they create money by crediting their customers’ accounts.

Accounts, Customers, Extend, Loan, Loans

Banks have come to realize in the recent crisis that they are paying the price for having designed compensation packages which provide incentives that are not, in the long run, in the interests of the banks themselves, and I would like to think that would change.

Interests, Long, Packages, Running, Thinking

There is no reason products and services could not be swapped directly by consumers and producers through a system of direct exchange – essentially a massive barter economy. All it requires is some commonly used unit of account and adequate computing power to make sure all transactions could be settled immediately. People would pay each other electronically, without the payment being routed through anything that we would currently recognize as a bank. Central banks in their present form would no longer exist – nor would money.

Adequate, Money, Pay, People, Recognize, Used