Talking Points: Quotations from people in the news
- October 1, 2023: Vol. 10, Number 9

Talking Points: Quotations from people in the news


David Baszucki, CEO of Roblox, an online game platform and game creation system: “Just as we're very familiar with using the phone and using messaging or video communication, ultimately the next form of communication is going to be immersive 3-D.”


Le Thi Thu Thuy, CEO of VinFast, a Vietnamese maker of electric vehicles whose market value exceeded Ford and GM after listing on Nasdaq: “We started manufacturing vehicles five years ago, we have 20,000 EVs on the road. We’ve got every step from product development to supply chain.”


Abby Miller Levy, founder and managing partner, Primetime Partners, on healthcare investing: “What makes for a good investment in this space is recognizing that the population is going to double in size, in terms of those age 65 and older.”


Mohammed Apabhai, head of Asia trading strategy at Citigroup, commenting on the flight of investment capital out of China: “The measures taken so far appear to have disappointed the market. There is increasing frustration and concern from investors about the lack of any solid policy action.”


Jamie Dimon, CEO of J.P. Morgan Chase on Fitch downgrading U.S. credit rating: “This is the most prosperous nation on the planet, we have the best military, the best economy the world’s ever seen, the most innovation. The credit is sound. It should be the highest-rated credit in the world.”


Unidentified ex-Goldman Sachs banker on the parade of senior executives who have left the organization: “It’s hard to watch, really. It used to be a place that really specialized in training people and training them to be leaders. It’s just not the same place anymore.”


Lior Susan, executive chairman of Bright Machines, a maker of manufacturing software: “Thirty years from now we will laugh at our generation of humans, putting products together by hand.”


Rich Lesser, global chairman of Boston Consulting Group: “AI is top of mind for most CEOs right now, particularly in the U.S., and how to balance and pull together generative and predictive AI in a responsible framework. That’s a huge opportunity space — to get more productive, but also to build competitive advantage.”


David Roche, president and global strategist at Independent Strategy: “The Chinese model is clearly washed up on the beach with a huge number of legacy holes in it, and it’s not going to take off again. They really don’t have the approach to surgically get rid of bad debts and bad assets, and at the same time, they’re not going to be able to rely on their traditional measures of growth. That’s the big problem.”


Jason Greer, founder and president of Greer Consulting: “It’s time to face reality, we’re all getting back to a five-day week. That’s what we saw before COVID, and that’s what we’re seeing. The reality is this: The days of COVID when we were able to work remotely are gone. … In order to build a culture, you need to be face-to-face. Your manager needs to get to know you, you need to get to know your manager, you need to get to know your coworkers.”


Rana Foroohar, associate editor at the Financial Times: “Now that the economy is back on track, women workers have been on a tear. Female employment growth has not only surpassed that of men post-pandemic, but the labor force participation rate among 25- to 54-year-old women in the U.S. just hit its third record-high month — 77.8 percent of women in that age bracket are now in work.”


Teddy Schleifer, founder partner of the U.S. digital media company Puck: “The public square, as maligned and imperfect as it is, is still I do not think there will be a mass migration by elites to other platforms. If you’re a campaign and you want to influent how reporters think, you go to Twitter.”


Michael Sonnenshein, CEO of Grayscale Investments, after beating the SEC in court regarding its efforts to convert its bitcoin trust into an ETF: “This is a huge victory for us, for our investors, for the crypto community and the investment community. Coming out of this most recent crypto winter, the investment community has never been more certain that crypto as an asset class is here to stay.”


Leon Cooperman, American billionaire investor and hedge fund manager, and author of the new book From the Bronx to Wall Street: “I’ve lived the American dream and I'm trying to convince people like Elizabeth Warren and Bernie Sanders and AOC not to move away from capitalism because it’s the best system. I’m concerned about the lefties. They don’t get it. I have three terrific grandchildren, and I want them to understand the merits of capitalism and I want them to be capitalists with a heart.”

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