We should probably stop trading derivatives, anything more complex than regular options ... I am an options trader, and I don't understand options. How do you want a regulator to understand them?

A country's assets reside in the tinkerers, the hobbyists, and the risk-takers.

I remind myself of Einstein's remark that common sense is nothing but a collection of misconceptions acquired by age 18.

People who forecast simply because "that's my job," knowing pretty well that their forecast is ineffectual, are not what I would call ethical. What they do is no different from repeating lies simply because "it's my job."

Heroes are heroes because they are heroic in behavior, not because they won or lost.

Modernity has replaced ethics with legalese, and the law can be gamed with a good lawyer.

Muscles without strength, friendship without trust, opinion without risk, change without aesthetics, age without values, food without nourishment, power without fairness, facts without rigor, degrees without erudition, militarism without fortitude, progress without civilization, complication without depth, fluency without content; these are the sins to remember.