David Berry Quotes (16 Quotes)

Investment banking continues to be pretty strong pretty much for all these players. Goldman yesterday talked about a record backlog and I think that would also be true for Lehman. Morgan Stanley will be reporting tomorrow. That's been a pretty steady drumbeat. Underwriting activity was a little slower. Fixed income business has been picking up with the Federal Reserve seeming to go on hold.

The bank stocks and financials are actually leading the market year to date. I tell you six months ago it was a totally different picture. We were in the hole. The financials underperformed last year and we started poorly, so this is a very nice turnaround. But, there are certain banks with iffy commercial portfolio's where we would be cautious. There are some regional banks that we like, too. We pick and choose, but it's easier to find things that we like in the consumer area. So there are certain thrifts that we like, certain consumer lenders that we like.

I think it (the next chief) is probably someone in his late 40s, early 50s, ... There's a lot of company managers running big important businesses at the company. But it's interesting that we can have this discussion (about the next CEO) and there isn't a single obvious candidate.

There was a three- or four-day period (after the NFC title game) where we were getting pretty frazzled. Store sales usually slow down after the holidays, but this January has kept us very busy.

The first thing we do is we get ice and we mix up a big cooler of Gatorade and these guys drink Gatorade and water.

There's a lot of faith and confidence in this management team. This may be more change in executive suite than investors are happy to see.

You can't keep throwing us around. Accommodate your own people.

Sometimes maybe we want them to get in a little bit bigger hurry, but you just have to understand that it really is hot out there, so you can't work as hard as you normally would.

Our favorites here would be Capital One and Providian Financial, ... Both companies have gained market share consistently. There's a lot of anxiety in the world about credit quality because of the economic slowdown. But these companies will also benefit from lower funding costs because of the Fed moves this year.

These guys work pretty hard, so if they need to take a break we let them take a break, especially this time of year when we are really really busy.

The deal is probably one that is not appealing to J.P. Morgan management, becoming a small piece of a big company.

You've seen several commercial banks make acquisitions of smaller regional brokerage firms this year, and all of them believe quite sincerely that they are going to grow revenues as a result and gain market share because they now offer one-stop comprehensive financing for their customers. At the same time I don't think Merrill Lynch is planning to lose any business.

Michelin is a very fine company and has brought an exciting product to the market.

It is most regrettable, particularly because the wrong person has resigned. Cambridge's core problem is the mayor.

I have often been adrift, but I have always stayed afloat.

I can understand all the excitement about this season. I was 2 years old when the Seahawks last won a playoff game, so you never know when something this special will come around again.