You have no ability, if you're a financial institution and you're threatened with criminal prosecution, you have no ability to negotiate.

Someone's sitting in the shade today because someone planted a tree a long time ago. The person sitting in the shade now should be grateful for the person who planted and tended that tree. That includes all those benefactors of humanity throughout history that created, invented, financed, produced, maintained and improved all that we enjoy today.

When investing, pessimism is your friend, euphoria the enemy.

Can you know you can have institutions that put curbs on that in various ways, and actually what the banks, you know, they have various capital ratios and that sort of thing, but the banks got around them, I mean, they set up sieves and that sort of thing just to get more leverage. People love leverage when it's working. I mean, it's so easy to borrow money from a guy at X and put it out at X.

Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

I know the country works extremely well. You know, but when it isn't clogged up.