It is easier to rationalize than it is to be rational.

It isn't given to man to be able to run a financial institution where different interest-rate scenarios will prevail on all of that so as to produce kind of smooth, regular earnings from a very large base to start with.

You have no ability, if you're a financial institution and you're threatened with criminal prosecution, you have no ability to negotiate.

I have no use whatsoever for projections or forecasts. They create an illusion of apparent precision. The more meticulous they are, the more concerned you should be. We never look at projections, but we care very much about, and look very deeply at, track records. If a company has a lousy track record, but a very bright future, we will miss the opportunity.

I always knew I was going to be rich. I don't think I ever doubted it for a minute.

As of 1992, in fact-though the picture would have improved since then-the money that had been made since the dawn of aviation by all of this country's airline companies was zero. Absolutely zero.

Honesty is a very expensive gift, Don't expect it from cheap people.