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

A mistake is not something to be determined after the fact, but in the light of the information until that point.

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.

Umberto Eco is the owner of a large personal library of almost 30,000 books that he has not read. [To him] read books are far less valuable than unread ones.

Never take advice from someone wearing a tie.

The twentieth century was the bankruptcy of the social utopia; the twenty-first will be that of the technological one.

In the United States large corporations control some members of Congress. All this does is delay the corporation’s funeral at our expense.