The Stock Market is designed to transfer money from the Active to the Patient.

They [Goverment] take from the woman who comes in and takes the wastebaskets out.

I think the oversight is great, and I think that oversight ought to be devoted almost entirely to the question is this being done at market you know. In other words, you want to make sure that the government isn't investing foolishly. But you don't want to care about which congressional districts it goes to or whether banks get favored over.

Mr. Market is kind of a drunken psycho. Some days he gets very enthused, some days he gets very depressed. And when he get really enthused you sell to him, and if he gets depressed, you buy from him. There's no moral taint attached to that.

The greater the potential for reward in the value portfolio, the less risk there is.

I mean [Franklin Delano] Roosevelt didn't - you know, when he came in, he didn't print any money.

I don't think you can have a better secretary of the Treasury than Hank Paulson.