I don't need 15 houses. Owning real estate doesn't mean much to me. I don't like to think about things like that. I don't need 12 boats, or even the world's largest boat with a crew of 80. I'd have to take care of them, to worry about them. I get a lot more fun out of life without all the bells and whistles.

You can lose leverage, and it's the only way a smart guy can go broke.

When we went crazy, and we did go crazy on residential real estate, it set things in motion that just - the dominoes started toppling.

Would your reply possibly be this? Well, it all depends on what my tax rate will be on the gain you're saying we're going to make. If the taxes are too high, I would rather leave the money in my savings account, earning a quarter of 1 percent. Only in Grover Norquist's imagination does such a response exist.

I know what I want to do and it makes sense to get going.

If you don't know the Jewelry, know the Jeweller

When it's raining gold, reach for a bucket, not a thimble.