Walter Wriston

“Capital goes where it's welcome and stays where it's well treated.”

“The Berlin Wall is down, and the world is wired. The flow of capital is now driven by the new information standard.”

“The new source of wealth is knowledge, not labor, not raw materials, not capital.”

“The 800-pound gorilla of the new global financial infrastructure is the network.”

“The free market is a perilous place. It is also the only place that offers the possibility of a better life for all.”

“Trust is the sine qua non of the banking business.”

“Good judgment comes from experience, and experience comes from bad judgment.”

“A sovereign country can't go bankrupt.”

“Risk is not a dirty word.”

“The world is moving into a new phase of history in which the overarching reality is the global marketplace.”

“The idea that you can create a risk-free environment is baloney.”

“Information about money has become almost as important as money itself.”

“There is no such thing as a riskless society.”

“The new global financial system is held together by the instantaneous communication of information.”