Americans are just about the worst at dealing with long-term problems, down there with Uzbekistan, but they respond to a market signal better than almost anyone. They roll the dice bigger and quicker than most.

The potential for alternative energy sources, mainly solar and wind power, to completely replace coal and gas for utility generation globally is, I think, certain. The question is only whether it takes 30 years or 70 years.

I like to be right. I try not to miss the big ideas, forget the little ones, and try to get them right. End of job description.

At least us old men remember what a real bear market is like, and the young men haven't got a clue.

Although value is a weak force in any single year, it becomes a monster over several years. Like gravity, it slowly wears down the opposition.

I think I'm right-brained, incapable of managing my way out of a brown paper bag.

We live on a finite planet. We have finite resources, and we're running out of good, arable land.