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

If I got a chance to take one percent of the deal either way, I would make that bet.

All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.

As one of my older friends says, "Nostalgia just isn't what it used to be." Let's take a stab at it, anyway.

And people really behaved in a fraudulent way or something, we'll go back and find the culprits later on. But that really isn't the problem we have. I mean that's where it came from, though. We leveraged up and if you have a 20 percent fall in value of a $20 trillion asset, that's $4 trillion. And when $4 trillion lands - losses land in the wrong part of this economy, it can gum up the whole place.

I'd rather have a $10 million business making 15 per cent than a $100 million business making 5 per cent.

When forced to choose, I will not trade even a night's sleep for the chance of extra profits.