Trustnet / News & research / Quotes of the week

Quotes of the week

16 March 2012

FE Trustnet picks its favourite sound bites from around the world over the past seven days.

By Lora Coventry,

Senior Reporter, FE Trustnet


"It has been an immense privilege to serve as Archbishop of Canterbury over the past decade, and moving on has not been an easy decision. I look forward to continuing to serve the Church’s mission and witness as best I can in the years ahead."
Archbishop of Canterbury Rowan Williams stands down.


"Rumble, young musicians, rumble. Open your ears and open your hearts. Don't take yourself too seriously...and take yourself as seriously as death itself. Have iron clad confidence...but doubt, it keeps you awake and ready. Believe you are the baddest ass in town...and you suck, it will keep you honest. Be able to keep two completely contradictory ideas alive in your heart the whole time and, if it doesn't drive you crazy, it will make you strong. Stay hard, stay hungry, stay alive. And when you walk on stage tonight to bring the noise, treat it like it's all we have...and then remember, it's only rock and roll."
Bruce Springsteen at the South By South West music festival in Austin, Texas


"I always thought the Walker Crips Equity Income fund is one of the very best, if not the best, in its sector, and its TER of 1.56 per cent is modest by UK standards. The managers seem to outperform in both rising and falling markets, a very rare skill indeed, which not even Woodford has achieved. The only reason I have not bought it yet is that it is not offered in Cofunds and this makes handling it difficult. I thought it went far too cheap, but Liontrust is a good house too and the merger of the two companies will give them greater fire power against the incompetent behemoths dominating this industry."
Regular FE Trustnet reader Theo Pantzaris comments on Liontrust’s acquisition of Walker Crips.


"If you think there has to be a case for an inquiry, it has to be an inquiry into everything, not just the Bank of England but what ministers did, what Treasury officials did, what bankers did and what everyone else was recommending was the right policy before 2007."
Sir Mervyn King defends The Bank of England’s actions during the 2007 financial crisis.


"The firm has veered so far from the place I joined right out of college that I can no longer in good conscience say that I identify with what it stands for...I knew it was time to leave when I realised I could no longer look students in the eye and tell them what a great place this was to work...When the history books are written about Goldman Sachs, they may reflect that the current chief executive officer, Lloyd C Blankfein, and the president, Gary D Cohn, lost hold of the firm’s culture on their watch. I truly believe that this decline in the firm’s moral fibre represents the single most serious threat to its long-run survival."
Goldman Sachs executive director Greg Smith stands down.


"When I say that we [the UK] don’t have a plan for growth, I need to be a little more specific. We don’t have a single plan for growth. We have one every other week…The words are always warm but they go cold waiting for action."
Willie Walsh, chief executive of British Airways owner International Airlines Group.

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