Quotes by John Gutfreund

About John Gutfreund:

John H. Gutfreund is an American businessman and investor. He is the former CEO of Salomon Brothers Inc, an investment bank that gained notoriety in the 1980s. Gutfreund turned Salomon Brothers from a private partnership into a publicly traded corporation which started a trend in Wall Street for investment companies to go public. He became an icon for the excess that defined the 1980s culture in America. In 1985, Business Week gave him the nickname "King of Wall Street".
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

I don't have many regrets. I regret mistakes, particularly those that damage other people, and we've all made some of those. But I'm not sad about change.

John Gutfreund

Commercial banks are very good for certain businesses, like loans and guarding other people's money. They're not great investors or entrepreneurs.

John Gutfreund

Proprietary stock-index arbitrage is but one aspect of program trading. Arbitrage will take place whenever there is an imbalance created in one or more markets that are similar.

John Gutfreund

The media, the polls and our legislatures fortunately have short attention spans.

John Gutfreund

Shareholders share in the downside and not necessarily in the upside; that's the whole story.

John Gutfreund

I thought that ending Glass-Steagall was a mistake.

John Gutfreund

I have never been a social lion; I was misidentified as one because I have a very attractive second wife.

John Gutfreund

I never thought of myself as a king. People really want you to be their deity. They forget the fact that you are a person who has feelings and doubts.

John Gutfreund

I am more rich in goods than I am in money.

John Gutfreund

People in Philadelphia are a world apart from New York. They're very different from people in the New York scene. The New York scene wants your visibility and wants your money.

John Gutfreund

Author Bio

  • NameJohn Gutfreund
  • DescriptionAmerican businessman
  • BornSeptember, 1929
  • CountryUnited States Of America
  • ProfessionBanker; Financier