Famous Quotes from 1994 Annual Meeting

1. "We're up about 600 this year from last year, and to be on the safe side we will seek out a larger spot."

2. "A few years ago we were holding this meeting at the Joslyn Museum, which is a temple of culture. And we've now moved to an old vaudeville theater. The only place in town that can hold us next year is the Ak-Sar-Ben Coliseum where they have keno and racetracks. We are sliding down the cultural chain."

3. "We will run that until 12 o'clock, at which point we'll break, and then at 12:15, if the hardcore want to stick around, we will have another hour or so until about 1:15 of questions."

4. "Record earnings. The businesses are performing exceptionally."

5. "Float is growing. We're well positioned."

6. "Any time you combine ignorance and borrowed money, you can get some pretty interesting consequences."

7. "The ability to borrow enormous amounts of money combined with a chance to get either very rich or very poor very quickly has historically been a recipe for trouble at some point."

8. "We have some people in the room that do business in derivatives from Salomon... Derivatives are not going to go away. They serve useful purposes, but I'm just saying that it has that potential."

9. "Excessive risks in the reinsurance business may not become evident until big problems arise years later."

10. "Chuck has been with us, incidentally, twenty-odd years. Stan's been working with me for well over 25 years."

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Source: 1994_Annual_Meeting.md