Jared Vennett quotes

View Quote [Opening monologue] In the late '70s, banking wasn't a job you went into to make large sums of money. It was a ****ing snooze, filled with losers. Like selling insurance or accounting. And if banking was boring, then the bond department at the bank was straight up comatose. We all know about bonds. You give 'em to your snot-nosed kid when he turns 15; maybe, when he's 30, he makes a hundred bucks. Boring. That is until Lewis Ranieri came on the scene at Salomon Brothers. You might not know who he is, but he changed your life more than Michael Jordan, the iPod, and YouTube put together. You see, Lewis didn't know it yet, but he had already changed banking forever with one simple idea.

View Quote The money came raining down, and for the first time, the banker went from the country club to the strip club. Pretty soon, stocks and savings were almost inconsequential. They were doing $50, $100, $200 billion in mortgage bonds and dozens of other securities a year, and America barely noticed as its number one industry became boring old banking. And then, one day, almost 30 years later, in 2008, it all came crashing down. In the end, Lewis Ranieri's mortgage-backed security mutated into a monstrosity that collapsed the whole world economy, and none of the experts or leaders or talking heads had a clue it was coming. I'm guessing most of you still don't really know what happened. Yeah, you got a soundbite you repeat so you don't sound dumb, but come on. But, there were some who saw it coming. While the whole world was having a big old party, a few outsiders and weirdos saw what no one else could. Not me. I'm not a weirdo, I'm pretty ****ing cool, but we'll meet again later. These outsiders saw the giant lie at the heart of the economy, and they saw it by doing something the rest of the suckers never thought to do: They looked.

View Quote Let me put it this way: I'm standing in front of a burning house, and I'm offering you fire insurance on it.

View Quote Is this America's angriest hedge fund?

View Quote Now their foot's on fire, they think their steak is done, and you're surprised?

View Quote Tell me the difference between stupid and illegal and I'll have my wife's brother arrested.

View Quote "And Caesar wept, for there were no more worlds to conquer."

View Quote I'm JACKED! I'M JACKED TO THE TITS!

View Quote [Looking at his bonus check of $47 million] So, I was right. I took a rash of shit for 2 years, but I was right and everyone was wrong. And, yeah, I got a big bonus for it. Sue me, you know? It's a lot of money, I know. I can feel you judging me. That's palpable. But, hey, I never said I was the hero of this story.