Fear is the foe of the faddist, but the friend of the fundamentalist.

We also believe candour benefits us as managers. The CEO who misleads often in public eventually misleads himself in private.

We're still in a recession. We're not gonna be out of it for a while, but we will get out.

Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.

I think the biggest thing we need is to unclog the credit markets, and we may need another stimulus - if we do, it's - it should go to the lower and middle-income people.

This economy doesn't work well without the lubrication of credit and trust.

I always say that in investing you want to buy stock in a company that has a business that's so good that an idiot can run it, because sooner or later one will. We have a country like that.