I believe that for the most part, achieving success - whatever that is for you - is mostly a matter of personal choice and that, initially, making the right choices can be difficult.

Be wary of the arrogant intellectual who comments from the stands without having played on the field.

You should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold.

Everyone has to decide for themselves what works for them and their organization.

The more you think you know, the more closed-minded you'll be.

I'm just saying that if you understand how the economic machine works, it just works like a machine. There are cause-effect relationships.

I found that whenever I encountered a situation, rather than just reacting to it, it was tremendously useful to think carefully about how I should react to it and other situations like it. Besides providing me with more thoughtful responses in each of these cases, approaching things this way provided me and others with guidance on how to deal with similar situations when they came up in the future.