Risk is what you make of it.

Almost all politicians are able to have a great one-on-one meeting. But Im not interested in the candidate who can have a great meeting. Im interested in the person who can make the right decisions.

We're subject to the same forces of capitalism that have built the entire American economy. Strong returns induce more capital flow, which creates more competitors, and you have to evolve and get better, or you die.

The ability to create same day straight through processing of mutual fund trades is a matter of will.

The investment banks should either choose to be regulated as banks or should arrange to conduct their affairs to not require the stop-gap support of the Federal Reserve.

Investors who find the best businesses to put their money behind are rewarded for their research.

Every organization has two choices. Choice one is to grow. Choice two is to die. If you decide not to grow, it's a clear-cut message to talented people that it's time to leave.