“A Public-opinion Poll Is No Substitute For

“We Do Not View The Company Itself As The Ultimate Owner Of Our Business Assets But Instead View The Company As A Conduit Through Which Our Shareholders Own Assets.”

The Range Of Derivatives Contracts Is Limited Only By The Imagination Of Man (or Sometimes, So It Seems, Madmen). Say You Want To Write A Contract Speculating On The Number Of Twins To Be Born In Nebraska In 2020. No Problem-at A Price, You Will Easily Find An Obliging Counterparty.

A Hyperactive Stock Market Is The Pickpocket Of Enterprise.

I May Have More Money Than You, But Money Doesn't Make The Difference. If There Is Any Difference Between You And Me, It May Simply Be That I Get Up And Have A Chance To Do What I Love To Do, Every Day. If You Learn Anything From Me, This Is The Best Advice I Can Give You.

I've Never Been Very Fully Employed Either.