“We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.”

Now, I only play very occasionally, and in fact, more piano than clarinet or sax.

No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.

Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.

If prices go down, we will have problems – problems in the sense of spillover to other areas.

I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.

The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.

Before I met Ayn Rand, I was a logical positivist, and accordingly,

Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.

And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.

Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.

Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.

I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.

Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism.

Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds.

The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…

Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.

If you have a government that is elected, they need to do the hard work – because if they don’t, they won’t be around the next time the ballot box is open.

When we started in television, there was that magic box in the corner of the room, and ‘Oh my gosh – look what it’s doing!’

With experience in boxing, you learn how to be a scientific boxer and how to fight easy.

Boxing is the embodiment of who I am, but beyond that, this is a journey of the self, and my obsession to get the most from this short life.

Democracy is defended in 3 stages. Ballot Box, Jury Box, Cartridge Box.

It isn’t enough to think outside the box. Thinking is passive. Get used to acting outside the box.

Don’t let others box you into their idea of what they think you should be.

Educate your sons and daughters, send them to school, and show them that beside the cartridge box, the ballot box, and the jury box, you also have the knowledge box.