Never invest in a business you can't understand

Never depend on single income. Make investment to create a second source.

In the world of business, the people who are most successful are those who are doing what they love.

The good thing is, we have household formation in this country.

If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.

People always should know better. People don't get - they don't get smarter about things that get as basic as greed.

Take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. That is what we're trying to do. It's imperfect, but that's what it's all about.