It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a person's ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making

There is no evidence that the business cycle has been repealed.

Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.

Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.

The guiding purpose of the government regulator is to prevent rather than to create something.

History demonstrates that participants in financial markets are susceptible to waves of optimism. Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.

Regulators have not been able to achieve the level of future clarity required to act pre-emptively. The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so...