“Derivatives are financial weapons of mass destruction.” — Warren Buffett Quote

“Derivatives are financial weapons of mass destruction.”

“Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.”

“We enjoy the process far more than the proceeds.”

“The confidence is really driven by the woman - whether she can have the confidence that there will be enough earning or income to finance all the domestic spending - but also by the middle-income class, which for many Asian countries has become the growth power for the economy.”

“My friends in Paris are writers, or something like that, whereas my friends in New York are doing cool stuff in finance and living very different lives. In writing, it's pretty solitary, so it doesn't really matter who's around.”