The truth is a mayor can actually do very little to alter the course of a huge city run by the free market that is home to banking - the engine room of capitalism.
Carefully calculate the potential size of your market to make sure you can grow. Before starting Mint, I knew that there were about 20 million people who had purchased 'Quicken' or 'Microsoft Money' over the years, and 80 million people using online banking in the U.S. alone.
In the U.A.E. we were the least-regulated environment in the region, and over time we are seeing more and more regulation coming in. On the other hand, a central bank can overregulate and choke the economy, and then we will have a dead banking industry.
The stuff that's going on is just so over-the-top, with the banking crisis and destroying the Gulf of Mexico, and the outrage hasn't quite caught up with the people yet. But when it does, I think you're going to see really virulent anti-authoritarian kind of comedy coming out.
We never thought about getting into banking, as it is not an attractive business as perceived generally. This was also not a consideration when we decided to invest in Shriram Group.
I don't know what happens to you after you die. I'm not banking on there being, like, a heaven.
I'm a little bit nervous for us with all of this electronically generated new hyper-space that we've moved into, where not only people but also economies and systems, like banking, are left to zeros and ones. I want to be more than a zero or one.
Anytime we wanted to do something, we found a way to do it through conventional banking means.
Make the most of online banking to make your life easier and keep your finances organized. Online banking is great because it offers quick, easy, 24-hour access to your checking and savings accounts.
Banking now is like sending a letter: you send it, you don't know if it reached there. Ripple is more like sending an iMessage: you send it, and you immediately know.