Before I entered politics, I worked for more than 15 years in corporate finance in the City, where I saw for myself the value of foreign investment. Simply put, it is a catalyst for prosperity.
Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the mines which produce them.
The only way to permanently change the temperature in the room is to reset the thermostat. In the same way, the only way to change your level of financial success ‘permanently’ is to reset your financial thermostat. But it is your choice whether you choose to change.
We are in a position of financial and social power, and we could be agents of change in our society. Without pretension, I believe we could be a nice little gardener who takes care of the garden, and hopefully our neighbor will do the same. Then, maybe we’ll achieve a better world.
A lot of the time we think finances are immediately linked to experience, opportunities, image, and all sorts of important things that can progress us in life. Sometimes they’re not. Finances can be completely irrelevant if you allow yourself to feel like things are going well.
Landing a million-dollar investment for your startup is exhilarating. But as big as that number sounds, it doesn’t go far. Many startups just getting off the ground won’t have a CFO to monitor finances. It doesn’t take much for spending to spiral out of control.
We’ve taken the view that if the rest of the world would democratize and create market economies, that would spread the benefits of prosperity around the world, and that it would enhance our own prosperity, and our own stability and security, as well.
Bitcoin is absolutely the Wild West of finance, and thank goodness. It represents a whole legion of adventurers and entrepreneurs, of risk takers, inventors, and problem solvers. It is the frontier. Huge amounts of wealth will be created and destroyed as this new landscape is mapped out.
In almost every profession – whether it’s law or journalism, finance or medicine or academia or running a small business – people rely on confidential communications to do their jobs. We count on the space of trust that confidentiality provides. When someone breaches that trust, we are all worse off for it.
When I became finance minister, they called me Okonjo-Wahala – or ‘Trouble Woman.’ It means ‘I give you hell.’ But I don’t care what names they call me. I’m a fighter; I’m very focused on what I’m doing, and relentless in what I want to achieve, almost to a fault. If you get in my way, you get kicked.
If a woman makes a unilateral decision to bring pregnancy to term, and the biological father does not, and cannot, share in this decision, he should not be liable for 21 years of support… autonomous women making independent decisions about their lives should not expect men to finance their choice.
I have a saying: There are no brave old people in finance. Because if you’re brave, you mostly get destroyed in your 30s and 40s. If you make it to your 50s and 60s and you’re still prospering, you have a very good sense of how to avoid problems and when to be conservative or aggressive with your investments.
Many progressives understand Scalia, and other conservative judges, in crassly political terms – as opponents of affirmative action, abortion, gun control, and campaign finance legislation. But what Scalia cared most about was clear, predictable rules, laid down in advance.
Campaign finance and ethics reform only works if it curtails all special interest groups equally and does not carve out any exceptions to benefit one party or another. ‘Pay to play’ reform was passed to limit the influence of big spending contractors over the public officials from whom they are trying to obtain work.
People just want to hear some common sense… and I bring to bear the experience in local government and state government and national government – I was the first woman in history on the Senate Finance Committee – not to mention the diplomatic international experience.
Professional services industries like finance, consulting, and legal services are, by definition, meta-industries. That is, they serve to help large companies raise money, buy and sell each other, reorganize, implement new systems, conduct complex transactions, and so forth.
The best climbers no longer go to the 8000ers, but to the most difficult mountains in the world which are 6000 or 7000-meter-peaks. There they find any kind of playground. But it is a pity that the really good climbers have fewer opportunities to finance their expeditions because so much attention is taken away by the Everest tourists.
I hope that there’s a difference between being childish and childlike and that I’m the latter, if you take my meaning. I often sort of wonder. I don’t think I’m a terribly good grown-up; I don’t take responsibility easily or well in many areas of life. Finance and stuff like that, I’m absolutely appalling.
I get unhappy doing things that I’m not passionate about. Because I feel like I’m squandering this incredible gift I’ve been given to finance films. As soon as my name alone was enough to make this happen, I vowed to myself that I was going to work with directors who were changing cinema, doing something important, you know?
We have this film that we hope to finance, it’s called ‘Southern Rights.’ It’s a documentary about segregated proms that are still happening in the South of America. So there’s a black prom and a white prom, so we hope to finance a film soon about that.
I founded Atari in my garage in Santa Clara while at Stanford. When I was in school, I took a lot of business classes. I was really fascinated by economics. You end up having to be a marketeer, finance maven and a little bit of a technologist in order to get a business going.
You look at marketing: everything that’s happening in marketing is digitized. Everything that’s happening in finance is digitized. So pretty much every industry, every function in every industry, has a huge element that’s driven by information technology. It’s no longer discrete.
I admired the way McCain worked on campaign finance reform. I admired the way Nancy Pelosi stiffened the Democrats’ spine during the health care debate. I admire the way Barack Obama has raised a dog in the White House without ever putting it on the roof of the car for a vacation drive.
All the central banks are doing is substituting one form of debt with another form of debt. They’re issuing short term debt and using it to buy long term debt. In finance, we tend to think that’s a neutral activity, even though those stimulus programs are huge.
Small- and medium-sized businesses need access to a diverse range of finance options, including non-bank lending. These new forms of finance are still small in scale today but they should, over time, bring additional choice and greater competition to the lending market.
