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18 quotes by Wilbur Ross

Wilbur L. Ross, Jr. (November 28, 1937) is an American investor known for restructuring failed companies in industries such as steel, coal, telecommunications, foreign investment and textiles. He specializes in leveraged buyouts and distressed businesses. As of August 2014, Forbes magazine lists Ross as one of the world's billionaires with a net worth of $2.9 billion.
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Banking, I would argue, is the most heavily regulated industry in the world. Regulations don't solve things. Supervision solves things.

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The one term I don't like to be called is a 'vulture.' Because to me, a vulture is a kind of asset-stripper that eats dead flesh off the... →

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You cannot just keep borrowing more and more and keep spending more and more without eventually having a day of reckoning.

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Generally speaking, companies get into bankruptcy as a kind of meritocracy. Somebody made some sort of big mistake, to get into bankruptcy, and very... →

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I think at the end of the day, the real sick man of Europe is liable to turn out to be France, not Greece, not Portugal, not Spain, not Italy. The... →

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I don't think there's anything inherently wrong with a bank being big. In fact, there are some good arguments about universality of geography... →

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I see myself as a private-equity investor that helps rebuild companies. Restructuring is a cottage industry in that there aren't that many... →

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There is no evidence that more regulation makes things better. The most highly regulated industry in America is commercial banking, and that... →

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Shipping has a great oversupply of vessels that came from over-ordering a few years back. We think 2014 may be when it turns around.

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Each weekend I play at least one and maybe two sets of tennis a day. My doubles team was in the finals recently at my tennis club in Palm Beach and... →

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The typical big Japanese company has somewhere between a third and 40 percent of its revenues coming from developing countries, and about a third of... →

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I think it's natural for any manager to want to grow his business. The question is at what rate, and in what direction, and in what format?

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Shale gas, if left to flourish, could create several hundred thousand more jobs.

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