I mean, in terms of alternatives, some people have suggested for example that why don't we - why isn't America doing what Berkshire Hathaway is doing? Why isn't that a better deal for America?

We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are ignored.

What's hot today isn't likely to be hot tomorrow. The stock market reverts to fundamental returns over the long run. Don't follow the herd.

I wouldn’t mind going to jail if I had three cellmates who played bridge

You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.

The truth is, everything that has happened in my life... that I thought was a crushing event at the time, has turned out for the better.

Personally, I really hope I can treat everyone equally. I think I have done a pretty good job so far but I know I can do it better.