If you had to point to one thing that made it less likely that the Red Sox would win the World Series, I would say it was those people that go to Fenway Park to watch the games. And then the media around it.

Donald Trump got almost 3 million fewer votes than Hillary Clinton! He happened to get more in some of the right places. It was just like one of those things where a stock going up and people impose a false sense of order on it. It's really more intellectually honestly viewed as a disorderly process.

People dislike uncertainty so much that they will impose an order on it even when it doesn't exist.

It's such a pain in the ass to write a book, I can't imagine writing one if I'm not interested in the subject.

When an American declares bankruptcy, when he hits bottom, he can reinvent himself. There's a story he can tell. We tolerate reinvention. We encourage reinvention. That's what this country has that Europe does not. It's not just a crisis; it's an opportunity.

It is far better to keep the enemy close, by bribing him with stock options, than to have him out in the wild, foraging.

Warren Buffett is fond of saying that any player unaware of the fool in the market probably is the fool in the market.