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

The traits I respect are erudition and the courage to stand up when half-men are afraid for their reputation. Any idiot can be intelligent.

Bankers, they're not harmed by their mistakes. They benefit when things go right, and the society pays the price.

The grandchildren should not bear the debts of the grandparents.

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.

You want failures to be small and informational. Silicon Valley does very well. It knows how to use failure as a tool for improvement.

Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.