I'm right, and you're smart, and sooner or later you'll see I'm right.

Move only when you have an advantage. It's very basic. You have to understand the odds and have the discipline to bet only when the odds are in your favor.

I also want to raise the possibility that there are, in the very long term, "virtue effects" in economics- for instance that widespread corrupt accounting will eventually create bad long term consequences as a sort of obverse effect from the virtue-based boost double-entry book-keeping gave to the heyday of Venice. I suggest that when the financial scene starts reminding you of Sodomand Gomorrah, you should fear practical consequences even if you like to participate in what is going on.

I won’t bet $100 against house odds between now and the grave.

In the corporate world, if you have analysts, due diligence, and no horse sense, you've just described hell.

Most people are too fretful, they worry to much. Success means being very patient, but aggressive when it's time.

Trying to prioritize among things we're unlikely to do is pretty fruitless.