I would say the most satisfying thing actually is watching my three children each pick up on their own interests and work many more hours per week than most people that have jobs at trying to intelligently give away that money in fields that they particularly care about.

Remember that the stock market is manic-depressive.

Always associate yourself with people who are better than you.

We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.

The market system rewards me outlandishly for what I do, but that doesn't mean I'm any more deserving of a good life than a teacher or a doctor or someone who fights in Afghanistan.

Is management rational?

Wall Street makes its money on activity. You make your money on inactivity.