Acting Like Everyone Who's Been Successful Is

My Father And Grandfather Were Stockbrokers, And They Would Actually Take Stock Certificates From A Vault, Give It To A Runner, And Send It To Another Vault. Then Somebody Said, "let's Digitize It And Have One Vault." Now The Dtcc Clears And Settles Almost Everything, And The Cost Of Doing A Trade Is A Tenth Of What It Was Before.

A Democracy Is A Compromise By Its Nature. It's Not A Dictatorship.

The Government Isn't Going To Say, "we're Going To Regulate Banks, But We'll Leave These Other Companies Alone." I Think The Regulators Want To Make Sure That They Have Some Form Of Regulation On Anything Systemic. We Like Our Hand. But, You Know, Honestly, Who Owns The Future?

If You're Making All Your Money Simply Betting On Interest Rates, That's Not A Business. Flow Is A Business. On The Outside, They Look The Same For A While. But When You Dig Into Them, No, They Weren't Exactly The Same.

I Always Tell People, "there's A Book On Everyone." I Get Some Of That Book Before I Do Anything. If I Want To Deeply Understand Someone's Reputation, I'll Talk To Their Friends, Their Former Bosses, Their Peers, And I'll Learn A Lot About Them. I Want Them To Be Trusted. I Want Them To Be Respected. I Want Them To Give A S - -. Then There Are The Intangibles: Physical And Emotional Stamina, The Ability To Confront Issues. I Can Ask All I Want About Those Things, But I Also Have To See A Lot Of It.