Successful hedge funds will be entrepreneurial; it is the essence of the craft.
Race is a part of every conversation in America, whether you know it or not.
Derivatives trading should be standardized and as much as possible moved to clearinghouses.
It is a very bad idea for governments to create arbitrary and unfair outcomes, or outcomes resulting from the passions and whims of the government rather than from the law, just because they have the power to do so.
Stability is not the way of the world.
You have got to welcome and embrace complexity.