Andrew Beal Quotes

Andrew Beal Quotes

There will never be a private launch industry as long as NASA and the U.S. government choose and subsidize launch systems.

I happen to love rolling the dice sometimes.

 

We are not in a position to comment at this time.

 

If I see another office condo in Las Vegas or Phoenix, I’m going to throw up.

 

Oh no. No. I’m not a mathematician. I’m just a hobbyist. I dabble in number theory.

 

You try to lend where capital is scare. A lot of lending dried up down there. So we can fill the void.

 

There is no lack of financial capital in the United States.

If people say I’m doing something crazy, that’s usually a good sign.

 

All the other banks were failing. What better time to start a bank? If everybody else is going broke, that simply means your competition is going away.

 

Why do people not do the great deals and do all the stupid ones?

 

Our greatest risk comes not from the competitive marketplace, but from government intervention.

 

I’m really very conservative.

 

I wouldn’t agree that (because) the loan is Mexican makes it a higher risk. We think the loans we’re making are lower risk than many domestic loans made by traditional institutions.

 

When is a contract NOT enforceable according to its clear terms? When it is in the state of New York.

 

I’m really very conservative.

 

Unfortunately, development of a reliable low cost system is simply not enough to insure commercial viability.

People told me I was crazy.

 

Banks are on a prayer mission that somehow prices will come back and they won’t have to face reality.

 

This is the opportunity of my lifetime. We are going to be a $30 billion bank without any help from the government.

 

 

 

When is a contract NOT enforceable according to its clear terms? When it is in the state of New York.

 

Banks are on a prayer mission that somehow prices will come back and they won’t have to face reality.

 

Great facilities attract good people.

I’m not that much of a risk-taker. I just take situations that people perceive to be high risk, and I decide that they can be managed to low risk.

If that happens, we’ll do failure analysis, then we’ll launch again.

We probably just won’t grow as fast.

If the government wants to assist the space transportation business, it must reward success only and stay out of the rocket development business.

 

You try to lend where capital is scared. A lot of lending dried up down there. So we can fill the void.

 

You have to work very hard at being disciplined all the time when you underwrite loans so that, when bad times come, you don’t have the worry that you made bad loans two years ago when times were good.

 

I couldn’t come up with a solution that didn’t involve a common factor. This is the opportunity of my lifetime. We are going to be a $30 billion bank without any help from the government.

 

 

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