Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices, ... This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically -- I should say, fully -- hedged.
We're in a very competitive industry, and sometimes the bigger Hollywood things are not so risk takey. I find myself mostly existing in this weirdo indie world, which I feel really comfortable being in. The thing that motivates me the most is to try to do something way different than the last thing that I did.
The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions... Derivatives have permitted the unbundling of financial risks.
It's always necessary to know when a stage of one's life has ended. If you stubbornly cling to it after the need has passed, you lose the joy and meaning of the rest. And you risk being shaken to your senses by God.
The banks, because of mismanagement, because of huge risk taking, are now in very vulnerable positions. We can expect that we're gonna have to do more to shore up the financial system. We also are gonna have to make sure that we set up financial regulations so that not only does this never happen again, but you start having some sort of - trust in how the credit markets work again.