In a difficult business, no sooner is one problem solved than another surfaces - never is there just one cockroach in the kitchen.

To be successful, you should concentrate on the world of companies, not arcane accounting mathematics.

If knowing history made you rich, librarians would be billionaires.

[People] have seen the credit market seize up. They're worried about money market funds, although the latest proposition from government should take care of that. They've seen eight percent of the bank deposits in the United States get moved very skillfully, I might say, within the last couple of weeks from institutions that they thought were fine a few months ago to other institutions. They are not wrong to be worried.

If you hit a hole in one every hole, you wouldn’t play golf for very long.

Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.

When the president of the United States goes out at, you know, 8:00 o'clock in the morning and then his own party votes gets him 2 to 1 in the house, you know that somehow a message isn't getting out. It takes real leadership.