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Quotes: Joyce Moullakis, Chris Wright - The Millionaires' Factory: The inside story of how Macquarie Bank became a global giant, 2023

  • Jun 5
  • 1 min read



  • ‘The reason Macquarie was able to turn decline to growth through the Texas winter storm was because Macquarie has become one of the world's biggest players in the business of moving gas and power from one part of the USA to another, taking a commission as it does so.’ Loc 103

  • ‘In 1971, US President Richard Nixon had abandoned the US dollar's link to gold and the Bretton Woods system of fixed exchange rates was unravelling. The fluidity of the situation saw Australia change its currency peg to the US dollar from the British pound sterling, around the same time the pound was floated.’ Loc 195

  • ‘staff could often tell when he visited given his bustling walk and habit of acknowledging all employees he encountered, even briefly, by first name. A classic relationship man’ Loc 221

  • ‘At the time, John Lysaght was partially owned by Broken Hill Proprietary (BHP), the resources behemoth whose various acquisitions and fundraisings would become a core source of work for the team and their successors in the years ahead. The deal itself was the largest single fundraising to date for an Australian industrial company in the euro-dollar market and was highly significant for the new team: they had shown they could win business and deliver.’ Loc 237

  • ‘Owens was known to lecture staff relentlessly about confidentiality.’ Loc 275

  • ‘A year after that, despite a record after-tax profit of A$668,000, the firm made a provision of A$135,000, not for any specific default but for 'uncertainties which may arise in the future.’’ Loc 313

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