You can anchor the mind into answering a question a certain way by giving them a totally unrelated piece of information dropped before.

The vicious cycle that is bringing down European states is not going to hit us [the USA], at least not for a while, at the level of the federal government. The same cannot be said of state and local governments.

Baseball is this intense subculture that actually doesn't speak very much for the larger culture.

the lesson of Buffett was: To succeed in a spectacular fashion you had to be spectacularly unusual.

The Red Sox are a curious thing because so much here is media driven. You can't go fire half your scouts here because they are all friends with the local reporters. Your life is going to hell in the papers.

Everything, in retrospect, is obvious. But if everything were obvious, authors of histories of financial folly would be rich . . .

In Wall Street now, you have to hide what you're doing. It's more fun when you don't have to do that. But I don't think its sense of purpose has changed at all.