The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks.

The key to life is to figure out who to be the batboy for.

We need to throw the resources at this that are necessary. But like I say, we are not spending money. I mean, if we buy these assets intelligently, the United States Treasury will make money. I mean, it's borrowing money. It's just a few percent a year.

I've never been very fully employed either.

Inactivity strikes us as intelligent behavior.

The Stock Market is designed to transfer money from the Active to the Patient.

Money will always flow toward opportunity, and there is an abundance of that in America.