I know what I want to do and it makes sense to get going.

Take the job you would take if you were independently wealthy. You're going to do well at it.

There are certain things that cannot be adequately explained to a virgin either by words or pictures.

I choose to work with every single person that I work with. That ends up being the most important factor. I don't interact with people I don't like or admire. That's the key. It's like marrying.

Having first rate people on the team is more important than designing hierarchies and clarifying who reports to whom.

But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things.

I've never been very fully employed either but just think of what it's like, you know, to go home with a mortgage payment you know and kids and everything else. My dad had that happen to him in the early '30s.