Read books are far less valuable than unread ones.

Nobody reads the disclosures that roll down your computer screen. You click 'I agree' but you don't know what you're agreeing to.

You want to favor systems that benefit from error, disorder, variability and things like that. You want to favor these systems and unfortunately, when - there's something I call the Soviet Illusion. The more the government becomes intrusive, the more things have to follow a script, and it can't handle this kind of system.

Answer e-mails from junior people before more senior ones. Junior people have further to go and tend to remember who slighted them.

All of technology, really, is about maximizing free options.

When I trade, I don't have an agency problem; I have my neck on the line. When a bank or banker trades, it's not his neck on the line.

What we do today has nothing to do with capitalism or socialism. It is a crony type of system that transfers money to the coffers of bureaucrats.