Quote by Paul Volcker

If you don't have some bad loans you are not in business.

If you don't have some bad loans you are not in business.

Summary

This quote suggests that experiencing bad loans is an inevitable part of being in business. It implies that lending money or providing credit entails some level of risk, leading to the possibility of borrowers defaulting on their loans. It implies that having bad loans is not necessarily a cause for concern, but rather a normal occurrence that indicates the business is actively engaged in lending activities. In essence, this quote highlights that facing challenges, including bad loans, is a natural part of conducting business.

Topics

Debt / Borrow / Loan

By Paul Volcker

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