“Yet another hedge fund manager explained Icelandic banking to me this way: you have a dog, and I have a cat. We agree that each is worth a billion dollars. You sell me the dog for a billion, and I sell you the cat for a billion. Now we are no longer pet owners but Icelandic banks, with a billion dollars in new assets.”
Source: Boomerang (2011), Chapter 2, p.17
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Michael Lewis40
American writer 1960Related quotes
“If you can count your money, you don’t have a billion dollars.”
J. Paul Getty (1892–1977) American industrialist
As quoted by Robert Lenzner in his book, The Great Getty (1985)
“If you want to be a Millionaire, start with a billion dollars and launch a new airline.”
Richard Branson (1950) English business magnate, investor and philanthropist
Quoted by P. Greenberg, “Why JetBlue will be different,” MSNBC as cited in Gittell and O’Reilly (October, 2001) Harvard Business School Press Reprint No. 9-801-354 [citation needed]
Jack Ma (1964) Chinese businessman
Source: Interview by Charlie Rose of Bloomberg - video https://video-kul1-1.xx.fbcdn.net/v/t42.3356-2/13862860_1329741163720893_1430621767_n.mp4/video-1469885440.mp4?vabr=114407&oh=bff4e8f9cedc225267e41ec705562dcf&oe=582E0B32&dl=0: 1 minute 53 seconds into the video
Joe Kehoskie (1973) American baseball agent
On the amount of baseball talent in Cuba, from the Vanity Fair article "Commie Ball: A Journey to the End of a Revolution" http://www.vanityfair.com/politics/features/2008/07/cuban_baseball200807 by Michael Lewis (July 2008)
“There's a certain part of the contented majority who love anybody who is worth a billion dollars.”
John Kenneth Galbraith (1908–2006) American economist and diplomat
The Guardian [UK] (23 May 1992)
Mitt Romney (1947) American businessman and politician
[2007-04-26, AP Interview: Romney says he's not the only one switching positions, rivals do it too, Liz Sidoti, San Francisco Chronicle, http://web.archive.org/web/20070430053858/http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2007/04/26/politics/p131443D20.DTL&type=politics, 2007-04-30, http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2007/04/26/politics/p131443D20.DTL&type=politics]
regarding Osama bin Laden
2007 campaign for Republican nomination for United States President
“Five billion dollars a year spent on ringtones? What the?”
David Pogue (1963) Technology writer, journalist and commentator
" Pogue’s Imponderables http://pogue.blogs.nytimes.com/2007/10/18/pogues-imponderables/," The New York Times, October 18, 2007.