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

Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke.

If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.

The rest of the world really likes our stuff pretty well. It's just we buy so damn much of what they produce.

There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots.

I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.

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