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

I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.

Managers that always promise to 'make the numbers' will at some point be tempted to make up the numbers.

Personally, I really hope I can treat everyone equally. I think I have done a pretty good job so far but I know I can do it better.

It isn't given to man to be able to run a financial institution where different interest-rate scenarios will prevail on all of that so as to produce kind of smooth, regular earnings from a very large base to start with.

Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac's talents didn't extend to investing: He lost a bundle in the South Sea Bubble, explaining later, 'I can calculate the movement of the stars, but not the madness of men.' If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases.

Cultivate curiosity and strive to become a little wiser every day.