I'd say part of the appeal of Trump is that he's presenting himself as a totally certain, infallible person.

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.

The arrangement bore the same relation to actual finance as fantasy football bears to the NFL.

Every form of strength is also a form of weakness.

Above all, recognize that if you have had success, you have also had luck — and with luck comes obligation. You owe a debt, and not just to your Gods. You owe a debt to the unlucky.

My client loved risk. Risk, I had learned, was a commodity in itself. Risk could be canned and sold like tomatoes.

Wall Street is not being made a scapegoat for this crisis: they really did this.