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

I don't measure my life by the money I've made. Other people might, but certainly don't.

I'll bring my tax returns; you bring yours. I'll meet you anytime anywhere.

The active investors will have their returns diminished by a far greater percentage than will their inactive brethren. That means that the passive group - the "know-nothings" - must win.

Investing in a market where people believe in efficiency is like playing bridge with someone who has been told it doesn't do any good to look at the cards.

In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.

I think it's been, you know, kind of like a tragic play to this point. But at this point, I think it's clear, and will be clear to the majority of the Congress. I think it's clear to the American people that there is only one countervailing force to a world where financial institutions are trying to sell instruments every day and where credit has dried up, and that's the United States Treasury.