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As long as capital-both human and money-can move toward opportunity, trade will not balance.

Walter Wriston

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Walter Wriston
Age: 85 †
Born: 1919
Born: August 3
Died: 2005
Died: January 19
Banker
Middletown
Connecticut
Walter Bigelow Wriston
Moving
Money
Capital
Human
Trade
Humans
Toward
Long
Balance
Move
Opportunity

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All of life is the management of risk, not its elimination.
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Banking is a branch of the information business.
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If we had a truth-in Government act comparable to the truth-in-advertising law, every note issued by the Treasury would be obliged to include a sentence stating: This note will be redeemed with the proceeds from an identical note which will be sold to the public when this one comes due.
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Human capital will go where it is wanted, and it will stay where it is well treated. It cannot be driven it can only be attracted.
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A country does not go bankrupt.
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The person who figures out how to harness the collective genius of his or her organization is going to blow the competition away.
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Many organizations are now trying to walk under the banner of The Learning Organization, realizing that knowledge is our most important product ... But the only place that I've seen it is in the Army. As one colonel said, We realized a while ago that it's better to learn than be dead.
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Failure is not a crime. Failure to learn from failure is.
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Rising prices or wages do not cause inflation they only report it. They represent an essential form of economic speech, sincemoney isjust another form of information.
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Capital goes where it is welcome and stays where it is well treated.
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Capital goes to where it can escape taxation and be used to pay employees in sacks of rice.
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Information about money is more important than money itself.
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Capital will always go where it’s welcome and stay where it’s well treated. Capital is not just money. It’s also talent and ideas. They, too, will go where they’re welcome and stay where they are well treated.
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It is a maxim of cryptology that what one man can devise, another can unravel. This principle keeps armies of tax lawyers and accountants employed, but adds nothing to our national productivity.
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The Doomsayers have always had their uses, since they trigger the coping mechanism that often prevents the events they forecast.
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Every line in the government's budget has its own constituency.
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A truly global economy, as opposed to the multinational economy of the recent past, will require concessions of national power ... that seemed impossible a few years ago and which even now we can but partly imagine.
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The information revolution has changed wealth. Intellectual capital is far more important than money.
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Information about money has become almost as important as money itself.
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We're not in cultures which support learning we're in cultures that give us the message consistently: Don't mess up, don't make mistakes, don't make the boss look bad, don't give us any surprises. So we're asking for a kind of predictability, control, respect, and compliance that has nothing to do with learning.
Walter Wriston