Michael Bloomberg Quotes

Why should you spend some time reading Michael Bloomberg quotes? In general, it is highly recommended to learn the ideas, thoughts and strategies of great entrepreneurs, such as Michael Rubens Bloomberg. This American politician and businessman stands out for having founded the most important financial information company of our times: Bloomberg. Surely this name sounds familiar to you from having read it somewhere or from the news. In addition, this character ranked ninth among the richest people in the United States in 2019, according to Forbes magazine. Back then, his net worth was around $54 billion.

As you can see with this brief introduction, the phrases of Michael Bloomberg can be very useful and revealing to us. In this article we will not only list the twenty best quotes from this American businessman, but we will also explain a little who is Michael Bloomberg.

The 20 best phrases of Michael Bloomberg

Although it is true that the phrases of Michael Bloomberg can serve as inspiration and motivation, they do not stop reflecting what his ideologies and thoughts are. Apart from being a famous American businessman, he is also a renowned politician who was part of the 2020 primary elections, participating in the Democratic Party. In addition, between the years 2002 and 2013 he was mayor of New York, a city to which he makes references in some quotes. Today, he works as Special Envoy of the Secretary General of the United Nations for Climate Ambition and Solutions, since 2020. He is quite an interesting person, really. Let's see now the twenty best phrases of him:

1. "This is the city of dreamers and time and time again it is the place where the greatest dream of all, the American dream, has been tested and succeeded."
2. “This society cannot go forward, the way we have been going forward, where the gap between rich and poor continues to grow. It's not politically feasible, it's not morally correct, so it's just not going to happen."
3. "When you come to court as a plaintiff or as a defendant, it's terribly important that you look at the bench and think that the person you represent is a reflection of our community and our society."
4. “We cannot continue. Our pension costs and health care costs for our employees are going to bankrupt this city."
5. "People use health care a lot more when they live longer."
6. “Unemployment in America today is too high. And part of the reason, unfortunately, is that many companies cannot fill the high-skilled jobs increasingly at risk of going abroad.”
7. "Progress is actually possible."
8. "The public is angry, frustrated, but what the public wants is progress."
9. “You have to lower taxes a little bit for the rich, and you have to cut some rights. Because if we don't do all these things, it just doesn't work. And what is good theater and what is good politics is not necessarily good economic policy.»
10. "No one is going to delegate a lot of power to a secretary they can't control."
11. “There is no business in America that has been prevented from taking results into account when making personnel decisions.”
12. "I think if you look at people, whether in business or government, who haven't had any moral compass, who just switched to saying what they thought was popular, in the end they're the losers."
13. "Taxes are not a good thing, but if you want the services, someone has to pay for them so they are a necessary evil."
14. "The politics of partisanship and the resulting inaction and excuses have paralyzed decision-making, particularly at the federal level, and the big issues of the day are not being addressed, leaving our future in jeopardy."
15. "I think the more money you put in people's hands, the more you're going to spend. And if they don't spend it, they invest it. And investment is another way to create jobs. You put money in mutual funds or other types of banks that can go out and make loans, and we have to."
16. “If you really believe that you are making a difference and that you can leave a legacy of better schools and jobs and safer streets, why not spend the money? The goal is to improve schools, reduce crime, build affordable housing, clean up the streets – not have a fair fight."
17. "We can be sure that cities around the world will compete for the jobs that the upcoming revival of the financial services industry will bring."
18. "Capitalism works."
19. "It is precisely because we are a city that embraces freedom, that welcomes everyone and encourages their dreams, that New York remains on the front lines in the war on terror."
20. "The American dream will not survive if we keep telling dreamers to go elsewhere."

Who is Michael Bloomberg?

Now that we know the twenty best phrases of Michael Bloomberg, let's talk a little about who this great American businessman and politician is. He was born on February 14, 1924 in Boston, Massachusetts. As for his university career, it should be noted that he obtained a Bachelor of Arts degree, specializing in electrical engineering, from Johns Hopkins University. He also earned a master's degree in business administration, awarded by the Harvard Business School.

In the year 1973, Michael Bloomberg became General Partner at one of Wall Street's largest investment banks: Salomon Brothers. There he was head of operations. variable income to directing systems development operations.

It should be noted that Forbes magazine included Michael Bloomberg among the twenty most powerful people in the world in 2009. The difference between this ranking and that of the richest people in the world is that not only the wealth of the person in question is taken into account, but also the level of influence.

Bloomberg LP

Thank you for the position you held in Salomon Brothers, Michael Bloomberg was able to accumulate enough money to create his own company, which he decided to call Innovative Market Systems. The main objective of this company was to provide high-quality trading information to investors. At that time it was somewhat complicated to deliver information quickly. So Bloomberg figured out a way to get it out quickly and through as many usable media as possible. To do this, of course, she used technology.

Related article:

What is Bloomberg

In 1987, this company was renamed, acquiring the name we know today: Bloomberg L.P.. It was with this company that Michael Bloomberg got really rich. But what is it exactly Bloomberg LP? As well, It is basically a financial advisory, data, stock information and software company. Thanks to it, people around the world can have access to economic information that is essential for decision-making. This is carried out through terminals and specific computer systems.

Mayor of New York

As we have already mentioned above, Michael Bloomberg is also a well-known politician from the United States. He was the 108th mayor of New York. He held this position for no more and no less than three consecutive terms, from 2002 to 2013. During the twelve years that Michael Bloomberg served as mayor of New York, it focused above all on security, health issues and urban redevelopment. Some of the most notable feats of his mayorship are the following:

• Creation of 724 kilometers of bike lanes.
• Requalification of 40% of the city of New York.
• New 1,6 square kilometers of green areas.
• Decrease in the murder rate (the lowest in fifty years): In 2001 it was 649 and it became 332 in 2013.
• Increase in life expectancy of the New York City population: Their life expectancy increased two and a half years since 2002.
• Boom in the tourism sector: In 2013, this sector reached a new record, accumulating a total of 54,3 million visitors.

While these achievements are truly impressive, there have also been some projects by Michael Bloomberg's mayoralty that have been quite controversial, such as the High Line or the Brooklyn Park Bridge. It should also be noted that implemented a law that prohibits smoking in public spaces. In line with this same law, in December 2013 the New York City Hall decided to also ban the use of electronic cigarettes in public spaces such as parks, beaches, bars and restaurants.

I hope that the phrases of Michael Bloomberg and his extensive business and political career have inspired and motivated you to move forward with your business, financial and political plans.