I spent the four years I was an undergraduate working on the beach. And it wasn't because I was lazy; it was because my freshman class would go to a hundred different employers and wouldn't get a nibble.

The stock market has predicted nine of the last five recessions.

Reasonable men are not reasonable when you're in the bubbles which have characterized capitalism since the beginning of time.

Profits are the lifeblood of the economic system, the magic elixir upon which progress and all good things depend ultimately. But one man's lifeblood is another man's cancer.

Economists are said to disagree too much but in ways that are too much alike: If eight sleep in the same bed, you can be sure that, like Eskimos, when they turn over, they'll all turn over together.

Sooner or later the Internet will become profitable. It's an old story played before by canals, railroads and automobiles.

What we know about the global financial crisis is that we don't know very much.