Wall Street, with its army of brokers, analysts, and advisers funneling trillions of dollars into mutual funds, hedge funds, and private equity funds, is an elaborate fraud.

The Irish turned in on themselves and bid up their own land prices in the most extraordinary ways... The Irish people stepped in and guaranteed the banks, and committed to repay sums they can't afford to repay, and essentially committed themselves to generations of suffering.

There's something bad in everything good and something good in everything bad.

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

I was really interested in a pretty simple thing: what happens when someone tries to introduce moral considerations into Wall Street, what happens when someone wants to actually demand of himself and those who work with him that what they do is not just profitable but good and useful.

It is the nature of being the general manager of a baseball team that you have to remain on familiar terms with people you are continually trying to screw.

All of a sudden the market is all about algos and routers.