There seems to be some perverse human characteristic that likes to make easy things difficult.

I want to be able to explain my mistakes. This means I do only the things I completely understand.

Failing conventionally is the route to go; as a group, lemmings may have a rotten image, but no individual lemming has ever received bad press

I think the most important factor in getting out of the recession actually is just the regenerative capacity of - of American capitalism.

There is no question we have an access stock.

Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn’t produce anything.

The good thing is, we have household formation in this country.