First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy.

I think the rest of the country should be paying less, the 95 percent that [Barack] Obama talks about or maybe even a little higher than that.

I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is the main source of material.

The Fed is the greatest hedge fund in history.

Bad terminology is the enemy of good thinking.

What the wise do in the beginning, fools do in the end.

We're perfectly willing to trade away a big payoff for a certain payoff.