The people who best use their advantages, or overcome adversity, and work honestly are those most worthy of admiration.

Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.

I don't see much evidence of an equity bubble.

The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.

With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly.

How much would you pay to avoid a second Depression?

I'd throw dollars out of helicopters if I had to, to stimulate the economy.