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

The big question is: When will the term structure of interest rates change? That's the question to be worried about.

There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people

Never say anything about a person you wouldn't say to them directly, and don't try people without accusing them to their face. Badmouthing people behind their backs shows a serious lack of integrity and is counterproductive. It doesn't yield any beneficial change, and it subverts both the people you are badmouthing and the environment as a whole.

An economy is not a complicated thing; it just has a lot of moving parts.

Know what your people are like, and make sure they do their jobs excellently.

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