If you can't read the scoreboard. You don't know the score. If you don't know the score, you can't tell the winners from the losers.

I think confidence will come back.

The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.

If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or be thought of as the world's worst investor when you were actually the best?

Does the business have a consistent operating history?

If some institution wants to sell you a billion dollars worth of mortgages, they might have to sell 100 million in the market, and then you'll buy the other 900 million on the same terms. Now, the very fact that this has been authorized or will be authorized, I hope, will firm up the market to some degree. And that's fine. But you don't want to have artificial prices being paid.

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