Economics seeks to be a science. Science is supposed to be objective and it is difficult to be scientific when the subject matter, the participant in the economic process, lacks objectivity.

Unfortunately, the more complex the system, the greater the room for error.

Law has become a business. Health care has become a business. Unfortunately, politics has also become a business. That really undermines society.

If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.

The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market.

I think that my foundation uses the money better than the government does. In any event, I do pay taxes.

Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test.