American Quotes

I understand that finance can be very complex.

I have seen entrepreneurs ask for hundreds of millions of dollars on a concept and try to sell because of 'their passion' for an idea. If the idea is that good, why wouldn't I cut you out and hire someone who is just as passionate for much, much less?

By definition startups usually do not turn a profit.

There is no original sin. You don't have to pay repentance to anything or anybody.

The sun's going down and we can't afford to come back to it tomorrow.

That's probably a problem for some people in this business, they don't like to listen.

It's a job and we're going to work together for six months, so let's have a good time.

Yet the whole preamble of the second authorization act for the Marshall Plan showed the direction Congress was ready to take about breaking down barriers within Europe.

We were talking about really getting Europe on its feet. It was our hope that there would be a breakdown of trade barriers in Europe first, and then eventually a breakdown internationally, which would help increase trade with Europe.

We became convinced that, regardless of Stalin's awful brutality and his reign of terror, he was a great war leader. Without Stalin, they never would have held.

This was the period when I used all the influence I had to get the British to abandon their export trade, and as much as possible convert all of their manufacturing facilities to the immediate needs of the war, including civilian, as well as military requirements.

There's a myth that Roosevelt gave Stalin Eastern Europe. I was with Roosevelt every day at Yalta.

The war changed everybody's attitude. We became international almost overnight.

The Russians often took advantage of Lend-Lease.

The Russians obtained a number of plants under Lend-Lease, which had been authorized by Washington, that I thought were not justified for their war effort. They wanted them for postwar use.

The biggest trade that Germany and Britain had was with each other, in the prewar period; I think I'm right in that. Two highly industrialized nations had the most trade with each other, and it wasn't tariff policies alone that made trade relations better for both of them.

Roosevelt was the one who had the vision to change our policy from isolationism to world leadership. That was a terrific revolution. Our country's never been the same since.

Roosevelt was determined to stop Stalin from taking over Eastern Europe. He thought they finally had an agreement on Poland. Before Roosevelt died, he realized that Stalin had broken his agreement.

Poland, of course, was the key country. I remember Stalin telling me that the plains of Poland were the invasion route of Europe to Russia and always had been, and therefore he had to control Poland.

Much of the aid we first gave to Russia we took away from what we promised Britain. So in a sense, Britain participated in a very real way in the recovery of Russia.

It was fear. He didn't want to see a united Germany. Stalin made it clear to me - I spoke with him many times - that they couldn't afford to let Germany build up again. They'd been invaded twice, and he wasn't willing to have it happen again.

It never occurred to me that we would have as grandiose a program as the Marshall Plan, but I felt that we had to do something to save Europe from economic disaster which would encourage the Communist takeover.

I was quite ready to accept certain restrictions on the United States. After all, there was a great dollar shortage. It was quite clear that the more prosperous Europe became, the more business there would be in the United States.

I think there are telegrams that may or may not be available, which indicated that I very much had in mind the need to give Europe substantial aid after the war, after Lend-Lease was over.

I think Stalin was afraid of Roosevelt. Whenever Roosevelt spoke, he sort of watched him with a certain awe. He was afraid of Roosevelt's influence in the world.

How could you justify giving Holland twice the amount of money that you gave Belgium? Well, finally, I put it up to them. They said that they couldn't do it; it would destroy them. I said they had to do it. And I finally got support from Hoffman on it.

Conferences at the top level are always courteous. Name-calling is left to the foreign ministers.

As far as the Russians were concerned, I felt the reverse; they had adequate gold, if they wanted to buy, and they weren't dependent upon international trade. I felt they were more self-sufficient.

Americans wanted to settle all our difficulties with Russia and then go to the movies and drink Coke.

Actually I'd had a certain amount of experience in Europe in the inter-war period, as a banker, and I was also a member of the Board of Directors of the International Chamber of Commerce.