Category Archives: Classic Quotes

“I will never understand why Mr. Buffett chose to hurt my family in such a way, but given that he is rapidly approaching his judgment [sic] day I will leave his verdict to a higher power.” David Sokol, former lieutenant to Warren Buffett at Berkshire Hathaway.

Well, Mr. Sokol, the Barometer can shed some light.  There is a big difference between what’s legal and what’s ethical.  Too many people occupy that space between the two as they cloak themselves in self-righteousness, victims of another’s willingness to call them … Continue reading

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“It’s not really the culture of the NFL. Things like this happen every day. It just happened to Jovan, somebody we knew. That’s why we’re having this discussion. But it goes on in society all the time. It’s about what’s going on in society.”

Out of the mouths of wide receivers — from Flaxico Burress, Pittsburgh Steelers, who was reflecting on the deaths of Kansas City Chiefs linebacker, Jovan Belcher, who shot and killed himself after he shot and killed his girlfriend, who was … Continue reading

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“He is a letter of recommendation for me. That’s bad.”

University of Maryland, senior engineering major, Samer Alhawamdeh, in response to the news that his engineering professor, Manoj K. Jha, was indicted for defrauding the National Science Foundation of hundreds of thousands of dollars in grant funding. Yes, Professor Jha … Continue reading

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“That picture was sent years before Ms. Kelley contacted him about this, and it was sent as part of a larger context of what I would call social relations in which the families would exchange numerous photos of each other.”

Lawrence Berger, lawyer for Frederick Humphries, the FBI agent who found the Petraeus/Broadwell e-mails and sent a shirtless photo of himself to Jill Kelley, Tampa socialite/ambassador/friend to Petraeus family/e-mail correspondent to General Allen/ general groupie/nemesis of Paula Broadwell. Yes, how … Continue reading

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“I want to grate on their minds. I want to grate on their conscience.”

John Silber, president of Boston University, from 1971-1996 and a Kant scholar. By all accounts, he did so.  He understood teaching and ethics.  He put the two together, and his students were the better for that combo plate. He has … Continue reading

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“The birds always sing after the storm.”

Former, and now imprisoned former governor of Illinois, Rod Blagojevich.  Spoken like a true Chicago political machinist.  All you Illinois politicos, beware.  The fluffy-haired one may be making good on his promise to snitch.

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A Headline We’d Like to Finish

“Corzine Searches For What’s Next,” Wall Street Journal, October 30, 2012, p. C1 Corzine is, of course, Jon Corzine, the man who shepherded MF Global through a $1.6 billion loss of customer funds and into bankruptcy.  The headline finishes the … Continue reading

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In the “Could you be any more shallow?” department

New York City canceled its annual marathon after Mayor Bloomberg’s determination to sally forth in the days following Hurricane Sandy, despite millions of New Yorkers without power, tens of thousands without homes, and many without food.  When the bone-headed decision … Continue reading

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“UBS was my family. Everything I did was for the benefit of the bank.”

Testimony of former UBS trader, Kweku Adoboli, accused of causing the largest unauthorized trade in the history of the United Kingdom ($2.3 billion).  He has entered a not guilty plea to the charges and confusion as to how multi-billion-dollar losses … Continue reading

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“We’re clean, but we’re dirty-clean, rather than clean-clean.”

A Barclays representative when questioned by a British regulator as to whether the Barclays was involved in some untoward behavior with regard to fixing interest rates in order to make its credit position look better than it was.  The crackerjack British regulator responded, … Continue reading

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“It’ll give me a chance to show my innocence.”

John Kinnucan, founder of Broadband Research LLC, a Wall Street analyst firm, in December 2010, after FBI agents raided his office.  Mr. Kinnucan also added “My research has nothing to do with ‘inside information’ and everything to do with a … Continue reading

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“Either you were complicit, grossly negligent or incompetent.”

A member of Parliament confronting former Barclays CEO, Robert Diamond, on the Barclays’ settlement for fixing LIBOR rates.  The best part was Mr. Diamond’s response, “Is there a question?”  Sure is, buddy, which one is it? He just got better when he added, … Continue reading

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“Why is it that defendants remember how much they love their family after they committed a crime that puts that whole relationship in jeopardy?”

U.S. Federal Ditrict Court Judge Jed S. Rakoff during the sentencing hearing for Adam Smith, Harvard MBA.  Mr. Smith was a portfolio manager at the Galleon Group hedge fund and turned state’s evidence.  He received probation.  Raj Rajaratnam, Mr. Smith’s … Continue reading

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“Everyone cheats. I thought ‘I can make this back.’ I wasn’t worried in the least. I was a good trader. I was a workaholic.”

Former hedge fund manager, Samuel Israel III, reflecting on his fraud – a $450 million Ponzi scheme that resulted in a 22-year prison sentence.  They always think they can keep things going until the news is better.

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