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

I'll bring my tax returns; you bring yours. I'll meet you anytime anywhere.

You're dealing with a lot of silly people in the marketplace; it's like a great big casino and everyone else is boozing. If you can stick with Pepsi, you should be OK.

It's got to be the best intellectual exercise out there. You're seeing through new situations every ten minutes. In the stock market you don't base your decisions on what the market is doing, but on what you think is rational. Bridge is about weighing gain/loss ratios. You're doing calculations all the time.

I make no effort to predict the course of general business or the stock market. Period. However, currently there are practices snowballing in the security markets and business world which, while devoid of short term predictive value, bother me as to possible long term consequences.

It is impossible to unsign a contract, so do all your thinking before you sign.

A very rich person should leave his kids enough to do anything, but not enough to do nothing.