One suggestion my wife and I have used in our personal finance courses we teach at college is simply writing down all expenditures and seeing where the money goes. That alone will cause heads of households to think twice about x, y or z expenditure, and to consider carefully whether they really need something or not.
In the old days we were the challenger brand competing against the big banks, but today I go round the world and I sit with governors of central banks and finance ministers and, in some cases, prime ministers. They all know Travelex. We are regarded as the establishment – the world’s largest retailer of foreign currency.
I never did any training in journalism or in finance, so I really was in the deep end. I got very good at going to press conferences and nodding. I’d figure it out when I got back to the office. Charts and numbers. I’ve never been great with facts, ever, my whole life. For a journalist, that’s not a very good trait.
What you get out of an M.B.A. programme, no matter how much experience, is functional tools and understanding in disciplines: you’ll understand economics, you’ll understand marketing, finance, accounting. That, M.B.A. programmes do very well.
One day I was in Starbucks going through one of my books on accounting, and this beautiful young woman came up to me and said, ‘My accounting book is different from yours.’ Her name was Joyce, she had a background in finance and administration and ran a surgery center. Within a short time, we were married.
I have a lot of stands on a lot of political issues. I’m very big on campaign finance reform. I still think most Americans aren’t aware of how the dumping of big corporate dollars and private donor dollars has totally corrupted the political system and taken it away from them.
For some time, I thought being a producer would be a more fulfilling career than being an actor. But then I went to a conference in Cannes with 300 other producers, all desperately chasing finance for their projects… and realized being an actor wasn’t so bad after all!
I was OK in school, but I always missed a lot because I was playing so much. But if I’d stuck at it, I imagine that I’d be doing something financial or economical. Finance always attracted me, even though maths was always a bit of a love-hate relationship. I would have tried playing football, but I don’t think I’d have made it.
People in all walks of life, and especially business, do not want to experience the collapse of cities like New York along with global finance and economy in chaos, but this is what business faces if we continue to attribute climate change to fossil fuels alone.
‘Savage Inequalities’ was about school finance, and ‘Amazing Grace’ primarily dealt with medical and social injustices in New York. But with ‘Ordinary Resurrections,’ I had no predetermined agenda. When I met with the children, I was not in pursuit of any line of thinking. In our conversations, I let them lead me where they wanted to go.
Money you won’t need to use for at least seven years is money for investing. The goal here is to have your account grow over time to help you finance a distant goal, such as building a retirement fund. Since your goal is in the future, money for investing belongs in stocks.
I can remember when I first went into the Himalayan area way back in 1951. Money, for instance, was not important at all to the local people. But now, finance has become just as important to them as it is to us, and this is a change maybe not for the better.
Productivity – the amount of output delivered per hour of work in the economy – is often viewed as the engine of progress in modern capitalist economies. Output is everything. Time is money. The quest for increased productivity occupies reams of academic literature and haunts the waking hours of C.E.O.s and finance ministers.
The government that came into power after the April 1994 elections was going to need a budget. It was drafted by our finance minister, Derek Keys, and he convinced them of the necessity to stay within the free-market principles that had been in force in South Africa for decades.
The biggest misconception people have about me is that when they see how young I am, they think, ‘Oh, this guy must have always wanted to be in politics; his parents must have been politically connected.’ I’m a finance major and always intended to go into business.
Advances in technology – hugely beneficial though they are – render us vulnerable in new ways. For instance, our interconnected world depends on elaborate networks: electric power grids, air traffic control, international finance, just-in-time delivery, and so forth.
In our experience at Safeway, we’re confident that we can actually improve the quality of health care while taking costs down and using the savings to help finance coverage of low-income people who are clearly going to need help to pay for insurance.
As long as we, in the United States, continue to insist that our politicians have to spend all of their time raising millions of dollars for television ads, it will be corrupt. If we leave it up to the politicians to clean up lobbying and finance reform, nothing is going to change.
During my undergraduate training at UCLA, I was studying finance and securities; my particular interest was with mutual funds. Wanting to get into a high position at some of the companies that were doing that, I knew that law would be useful.
I was the first businessman to say, ‘You should give tax benefit to only small companies. You should say your profits are exempt to a limit of Rs. 50 crore or so, but beyond that, you should pay taxes.’ I have been arguing with successive finance ministers on this.
I remember my first meeting with my management team when I became Indonesia’s Minister of Finance. I was the youngest person and the first woman ever to hold that job. Everybody else in the room was male. I knew then that I had to work harder than any man to prove to them that I was capable.
There have been a lot of critiques of the finance industry’s having possibly foisted subprime mortgages on unknowing buyers, and a lot of those kinds of arguments are even more powerful when used against college administrators who are probably in some ways engaged in equally misleading advertising.
Athol Fugard became famous as a playwright, so although ‘Tsotsi’ the book was written in the ‘60s, it was only published in the ’80s. It was then optioned pretty much every year by producers. I think the problem was that holding onto its period setting made it very hard to get finance.
I was not thinking about infinite multipliers when I was 10. But I did have a father who was a Ph.D. in commerce and finance and an intellectual man. And so I had a feeling, probably about the time I went to college, that I would try to be a scholar and teacher, but I didn’t know which field.
I’d always intended to make ‘Far North’ straight after ‘The Warrior.’ We had the rights to the short story, the script was in development, and I knew where I wanted to shoot it. It just took a long time getting the script together and raising the finance.
