Viewed: 123 - Published at: 9 years ago

They achieved this by learning a crucial lesson: in finance small is seldom beautiful. By making their bank bigger and more diversified than any previous financial institution, they found a way of spreading their risks. And by engaging in currency trading as well as lending, they reduced their vulnerability to defaults.

( Niall Ferguson )
[ The Ascent of Money: A ]
www.QuoteSweet.com

TAGS :