If you don't have ample liquidity, and it's not durable, in times of stress, as you're looking for liquidity, you're forced to sell assets at declining prices, which then eats into your capital position, so it becomes this very, very negative cycle. There's no question that liquidity is sacrosanct.

When I started, there very few women at the managing director level and very few who had families, which is something that was important to me. So it's not like when I looked up I could say, 'Well, that's who I want to be.'

There are no good options in the midst of a crisis.

Ruth Porat Quotes