I don't think vengeance is much good.

We have a passion for keeping things simple.

If (investing) weren't a little difficult, everybody would be rich.

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.

Of course you want to drive that out of yourself because you want to be wise, not foolish. You also have to allow for the self-serving bias of everybody else because most people are not going to remove it all that successfully, the human condition being what it is. If you don't allow for self-serving bias in your conduct, again you're a fool.

Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.

Never, ever, think about something else when you should be thinking about the power of incentives.