The men on the trading floor may not have been to school, but they have Ph.D.’s in man’s ignorance.

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.

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

The men on the trading floor may not have been to school, but they have Ph.D.’s in man’s ignorance.

If you have a patient in a doctor's office who's just been told they have terminal cancer but there's this operation they could perform right now that might save their lives. ... They have a 90 percent chance of surviving the operation — if you tell them that, they respond one way. If you tell them ... that they have a 10 percent chance of being killed by the operation, they are about three times less likely to have the operation.

If you’ve got a dozen pitchers, you need to speak 12 different languages.

The Germans made just about every bad investment you could have made in the last 10 years. They invested in Icelandic banks. They invested in Greek government bonds. They were heavy into Irish banks, big into Irish banks, and they bought U.S. subprime mortgage bonds.