When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.

First come the innovators, then come the imitators, then come the idiots.

We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous.

I don't like what's going on with the executive compensation.

Truly conservative actions arise from intelligent hypotheses, correct facts and sound reasoning.

I want to be able to explain my mistakes. This means I do only the things I completely understand.

I learned to go into business only with people whom I like, trust, and admire.