Any system that is deprived of its natural volatility, with government up (unintelligible) volatile, any system becomes very fragile.

Debt is a mistake between lender and borrower, and both should suffer.

If I ask you to write down the last 4 digits of your social security number, and then take you out to lunch and ask you how many dentists there are in Manhattan, there's going to be a high correlation between those two numbers. What happens is that the number psychologically makes you feel confident.

To succeed in life requires a total inability to do anything that makes you uncomfortable when you look at yourself in the mirror.

But they never notice the following inconsistency: this so-called worst-case event, when it happened, exceeded the worst case at the time.

If you want to annoy a poet, explain his poetry.

Banks have never made money in the history of banking, losing the equivalent of all their past profits periodically - while bankers strike it rich.