The fastest way to become rich is to socialize with the poor; the fastest way to become poor is to socialize with the rich.

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?

The opposite of fragile is something that gains from disorder.

Never take advice from anyone in a tie. They'll bankrupt you. Don't ask a general for advice on war, and don't ask a broker for advice on money.

At no point in history have so many non-risk-takers, that is, those with no personal exposure, exerted so much control.

Suckers try to win arguments, nonsuckers try to win.

Deficits are like putting dynamite in the hands of children. They can get out of control very quickly.