Don't settle for anything other than your passion - if you're lucky enough to find it.

I mean, you can explain the fact that these are depressed prices, you know. We think these assets are going to be worth a lot more. And I think that case can be made in certain situations. But I think to just say, you know, we're going to say a dollar of cash is worth $2 all of a sudden, it isn't worth $2. It's worth a dollar today.

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

The managers at fault periodically report on the lesson they have learned from the latest disappointment. They then usually seek out future lessons.

I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp.

With housing it's something even more dramatic than that, because most people aspire to own their own home.If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy it this year, I'm going to have to buy it next year.That's not true of an Internet stock. But it's true of a home.

The best thing I did was choose the right heroes.