The best investment you can make is in yourself.

I would say that life at 84, I am having as much fun as I've ever had in my life. I mean I get to do what I love every day with the people I love-and it just doesn't get any better than that.

Having first rate people on the team is more important than designing hierarchies and clarifying who reports to whom.

Does management resist the institutional imperative?

I mean [Franklin Delano] Roosevelt didn't - you know, when he came in, he didn't print any money.

I make plenty of mistakes and I'll make plenty more mistakes, too. That's part of the game. You've just got to make sure that the right things overcome the wrong ones.

A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons: First, many in Wall Street (a community in which quality control is not prized) will sell investors anything they will buy. Second, speculation is most dangerous when it looks easiest.