The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.

Excessive optimism sows the seeds of its own reversal.

We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.

By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.

At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable, and the percentage changes in wage rates would be the same for all job grades.

I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.

We need, in effect, to make the phantom 'lock-boxes' around the trust fund real.