Quote by Howard Davies

Most people...find a disorientating mismatch between the long-term nature of their liabilities and the increasingly short-term nature of their assets.

Most people...find a disorientating mismatch between the lon

Summary

This quote refers to the common experience where individuals or entities face a significant difference between the time frame they need to settle their debts or obligations (liabilities) and the duration of their resources or investments (assets). It suggests that people often find themselves in a challenging situation where their liabilities are more long-term, such as loans or financial commitments, while their assets tend to be more short-term, like income or readily available funds. This imbalance can create a sense of confusion or disorientation as individuals may struggle to effectively manage their long-term financial responsibilities with limited immediate resources.

Topics

Banks / Banking

By Howard Davies

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