The government-sponsored institution Fannie Mae, when I look at its risks, seems to be sitting on a barrel of dynamite, vulnerable to the slightest hiccup. But not to worry: their large staff of scientists deemed these events "unlikely."

If you're going to fail, you'd rather fail early than fail late in general.

If you let markets - in general, my belief is that if you let markets give you information, they'll give you the information rather than artificially prop up everything.

Ideas come and go, stories stay.

Being an entrepreneur is an existential, not just a financial thing.

The classical man's worst fear was inglorious death; the modern man's worst fear is just death

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."