Like most trends, at the beginning it's driven by fundamentals, at some point speculation takes over. What the wise man does in the beginning, the fool does in the end.

That which is not worth doing at all is not worth doing well.

You can lose leverage, and it's the only way a smart guy can go broke.

I can't promise results, but I can promise a common destiny.

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

If I were the treasury secretary or head of the Fed, you know, I would try to scare the hell the out of the private sector and say, you better save this because you're going down with the ship.

That's the reality of what they're going to sell them to the Treasury for.