I view derivatives as time bombs, both for the parties that deal in them and the economic system.

Games are won by players who focus on the playing field -- not by those whose eyes are glued to the scoreboard.

I’ve worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions.

Too often, a vast collection of possessions ends up possessing its owner.

Gold has two significant shortcomings, being neither of much use nor procreative.

We have learned to turn out lots of goods and services, but we haven't learned as well how to have everybody share in the bounty. The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.

I tell college students, when you get to be my age you will be successful if the people who you hope to have love you, do love you.