We only want what success we can get despite encouraging others to share our general view about reality.

A board member should be perfectly willing to leave at any time and willing to make the tough calls.

One could imagine a period like Japan13 years ago, however, in which indexing over time wouldn't work.

I do not think you can trust bankers to control themselves. They are like heroin addicts.

Forgetting your mistakes is a terrible error if you are trying to improve your cognition.

How you behave in one place, will help in surprising ways later.

They [Mc Donalds] take people and give them a first job, which enables them to get a second job. They do a very good job of educating troubled young people to be good citizens and they're probably more successful than charter schools.