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Never penalize those who work for us for mistakes or reward them for being right about markets. It will go to their heads, is counterproductive and, in any event, material compensation will not correlate with their ability to predict the future next time.

— Eugene Rotberg

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More quotes by Eugene Rotberg

Ignore accounting conventions. They are not useful risk management tools; they are designed to make our lives easier and comfortable.

Ask ‘what if?’ Quantify ‘what if?’ . . .

“A 40-Year Retrospective.” In Grumpy Old Bankers: Wisdom from Crises Past (pp. 80-83). Tonbridge, Kent: Centre for the Study of Financial Innovation."

Try to understand why a transaction makes sense to your counterparty. . . .

Figure out what we are really trying to do. . . .

All Eugene Rotberg quotes →

Attribution

Quote text and notes from Wikiquote: Eugene Rotberg (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.