When you combine ignorance and leverage, you get some pretty interesting results.

We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous.

Energy deregulation will be the largest transfer of wealth in history.

I never invest in anything that I don't understand.

The one piece of advice I can give you is, do what turns you on. Do something that if you had all the money in the world, you’d still be doing it. You’ve got to have a reason to jump out of bed in the morning.

More investment sins are probably committed by otherwise quite intelligent people because of "tax considerations" than from any other cause. One of my friends-a noted West Coast philosopher-maintains that a majority of life's errors are caused by forgetting what one is really trying to do. This is certainly the case when an emotionally supercharged element like taxes enters the picture (I have another friend-a noted East Coast philosopher who says it isn't the lack of representation he minds-it's the taxation).

Focus on your customers and lead your people as though their lives depend on your success.