Well if you've got information about a company, or you believe that a company is undervalued, you can go out and buy their stock and you can make some profit on it.

There are a lot of ways that investment banking models work, but these risks are not internalized by the people that are taking them.

That is, many times we're not risking our own money, we're risking somebody else's money, or maybe that someone is going to back stop or downside, but we still get the upside.

I'd like to see a little more action on the energy side of things. I've been pushing for some kind of a carbon tax for years, and it seems to me we've had lots of opportunities to do it.

A lot of ambitious code has been written into the law for those and we will have to see if it actually works, if we have another example of a big financial institution going bankrupt.

If you pay attention to where your exposures are, you might tend up buying credit default swaps against a variety of people that you - companies that you deal with.

Credit default swap gives you something to do. You can buy some credit default swaps from them to protect yourself against the bankruptcy of people who owe you money.

If nothing had any meaning, you would be right. But there is something that still has a meaning.

We are oftener treacherous through weakness than through calculation.

The way you can understand all of the Social Media is as the creation of a new kind of public space.

I don't claim to be a musician, I didn't go to Julliard.

But you know what? When I die, everybody is invited to come take a selfie at my funeral. Except for my enemies. They're not invited to the funeral, period.

Nowadays, people have a habit of relativizing religion, reducing it to "your truth" versus "my truth" versus "their truth," and that's the end of it.

Cohesion means respectful diversity, which is about much more than the weak-kneed tolerance.

There are just two rules of governance in a free society: Mind your own business. Keep your hands to yourself.

Sooner or later, the market will do what it has to do to prove the majority wrong.

Why are you obsessed with fighting? Stick to fishing from now on!