I think that if you have a single payer system and an opt-out for people who want to pay more [for better service, etc.], I think it would be better - and I think we'll eventually get there. It wouldn't be better at the top - [our current system] is the best in the world at the top. But the waste in the present system is awesome and we do get some very perverse incentives.

The liabilities are always 100 percent good. It's the assets you have to worry about.

To say accounting for derivatives is Americais a sewer is an insult to sewage.

Opportunity comes to the prepared mind.

Wells Fargo behaves better than the average big bank. But nobody's perfect.

The interesting thing is the field is so big - it's enormous. One thing a modern civilization needs is energy.

How do you compete against a true fanatic? You can only try to build the best possible moat and continuously attempt to widen it.