In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.

I mean, Hank Paulson is in there [ Treasury] at the wrong time, probably shouldn't have taken the job. He's a friend of mine. But he knows markets, he knows corporations' work, he knows money, and he's got the interests of the country at heart.

I look for businesses in which I think I can predict what they're going to look like in ten to fifteen years time. Take Wrigley's chewing gum. I don't think the internet is going to change how people chew gum.

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

It makes a difference who the treasury secretary is.

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

If you owe money, you can't pay them out. You just pay for everything, you do smart things, you eventually get very rich.