Henry Kaufman citations

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

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Henry Kaufman

On Money and Markets (2000)

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

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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.”

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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.”

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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...”

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Henry Kaufman

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