If we have a strength, it is in recognizing when we are operating well within our circle of competence and when we are approaching the perimeter.

We're perfectly willing to trade away a big payoff for a certain payoff.

The greatest investment a young person can make is in their own education, in their own mind. Because money comes and goes. Relationships come and go. But what you learn once stays with you forever.

I'm putting all my money in the Chinese toy market.

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.

When the president of the United States goes out at, you know, 8:00 o'clock in the morning and then his own party votes gets him 2 to 1 in the house, you know that somehow a message isn't getting out. It takes real leadership.

If you can eliminate the government as a 39.6% partner, then you will be much better off.