There must be some wisdom in the folk saying: Its the strong swimmers who drown.

I think I've been in the top 5% of my age cohort all my life in understanding the power of incentives, and all my life I've underestimated it.

Just avoid things like racing trains to the crossing, doing cocaine, etc. Develop good mental habits.

The stupid and dishonest accountants allowed the genie of totally inappropriate accounting to descend on derivatives books. And once this has happened - people get status, etc. - it's impossible to get it back into the bottle.

Strategic plans cause more dumb decisions than anything else in America.

The tax code gives you an enormous advantage if you can find some things you can just sit with.

With Congress and the S.E.C. so heavily peopled by lawyers, and with lawyers having been so heavily involved in drafting financial disclosure documents now seen as bogus, there was a new "lawyer" joke every week. One such was: "The butcher says 'the reputation of lawyers has fallen dramatically', and the check-out clerk replies: "How do you fall dramatically off a pancake?