If we start deciding, based on guesses or emotions, whether we will or won't participate in a business where we should have some long run edge, we're in trouble.

If you own the only newspaper in town, up until the last five years or so, you have pricing power and you didn't have to go to the office.

I would say it's more important who the treasury secretary is than who the vice president is. If you want to have a debate here, I'd like a debate between potential treasury secretaries than the vice presidential debate.

Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.

Does management resist the institutional imperative?

You can't stand to see your neighbor getting rich. You know you're smarter than he is and he's doing these things and he's getting rich.

It's very important that the determination of the US Congress to do what is is needed be made evident this week and by the actions of most of the members. I mean, you're not going to get total assent.