Henry Kaufman Quotes

“[F]inancial markets can be considered one of the great wonders of the world.”

Henry Kaufman

On Money and Markets (2000)

“[G]ood bankers understand the shortcomings of accounting and know how to correct for them.”

Henry Kaufman

On Money and Markets (2000)

“[A] profit and loss statement is not simply a collection of figures, but rather—for the perceptive banker—a window into the nuts and bolts of the business, from its method of operation to its management philosophy.”

Henry Kaufman

On Money and Markets (2000)

“[A] balance sheet is a snapshot of one moment in time, and thus presents a very limited view... To be a good banker, therefore, a business is much more than its balance sheet.”

Henry Kaufman

On Money and Markets (2000)

“Judgements on the performance of our economy require a clearly defined objective. Too often... there are multiple and contradictory objectives. Unless we are clear on our... objectives, we are not able to evaluate performance as good or bad...”

Henry Kaufman

Interest Rates, the Markets, and the New Financial World (1986)