When most investors, including the pros, all agree on something, they're usually wrong.

Reuters was completely accurate that I am concerned about the level of the market. But I also made it clear on the conference call (and I believe as Reuters reported it), that it is almost impossible to predict what a market will do in the short term. There are too many variables.

My wife watches me like a hawk.

Some people get rich studying artificial intelligence. Me, I make money studying natural stupidity.

Don't go in and tell somebody else how to run their business.

CEOs are paid for doing a terrible job. If the system wasn't so messed up, guys like me wouldn't make this kind of money.

I believe there are and will be major opportunities to enhance Time Warner's value in future combinations.