If the reason for doing something is that everyone else is doing it, it's not a good enough reason.

If I eat 2,700 calories a day, a quarter of that is Coca-Cola.

There is seldom just one cockroach in the kitchen. You know, you turn on the light and, all of sudden, they all start scurrying around.

I do know that when I am 60, I should be attempting to achieve different personal goals than those which had priority at age 20.

Can you know you can have institutions that put curbs on that in various ways, and actually what the banks, you know, they have various capital ratios and that sort of thing, but the banks got around them, I mean, they set up sieves and that sort of thing just to get more leverage. People love leverage when it's working. I mean, it's so easy to borrow money from a guy at X and put it out at X.

It's not debt per say that overwhelms an individual corporation or country. Rather it is a continuous increase in debt in relation to income that causes trouble.

You shouldn't own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress.