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.

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.

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.

The desire to reach for the stars is ambitious. The desire to reach hearts is wise.

American political culture quickly and always outpaces any attempt to satirize it.

Professing not to care is a primordial defense mechanism. Whenever a person finds oneself mired in failure and despondency, rebelling is a viable option to preserve false personal pride.

I've always felt more at home in the UK than in France.

None of us truly knows what we'll do when the circumstances become so overwhelming and complex that we can't even tell right from wrong.

If you're alone with nothing to do, the quality of your experience really plummets.

Your eyes show the strength of your soul.

Man is the plumeless genus of bipeds, birds are the plumed.

Riches, rightly used, breed delight.

You can never achieve anything in a house unless you have things that have been passed down and you find a place for them for yourself.