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" Capital is kind of a banking concept. "

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" Credit ratings and risk weightings must undergo a thorough process of review and revision. No security or instrument on the planet should have a zero risk weighting. "

" 'Inequality' has become the political theme/slogan of our time in both Europe and the U.S., yet political leaders do not even bother to consider that their own policies, which put the entire burden on central bankers to print money and drive up stock, bond and other asset prices, are actually exacerbating income and wealth disparity. "

" America is a place where the freedom to be who you are shouldn't be a barrier to your ability to get a job and provide for your family. "

" The building block of every community is family. "

" The Orderly Liquidation Authority prescribed by Dodd-Frank should be repealed and replaced by an amendment to the U.S. Bankruptcy Code which would operate to prevent cross-default provisions from impacting derivatives books so long as mark-to-market payments are being made in a timely fashion. "

" There is no safe haven in today's markets. "

" If you want an alternative currency, check out gold. It has stood the test of thousands of years as a store of value and medium of exchange. "

" It is a very bad idea for governments to create arbitrary and unfair outcomes, or outcomes resulting from the passions and whims of the government rather than from the law, just because they have the power to do so. "

" You have got to welcome and embrace complexity. "

" I've never let my guard down by saying, 'I don't need to be hedged.' "

" Imagine how much capital a country like Argentina might attract - if instead of defaulting seriatim and affecting a pose of anger toward creditors, it borrowed responsibly and honored its obligations. "

" While many of Mr. Obama's ideas warrant skepticism, conservative opposition to any expanded role for government is a mistake. "

" What I think about derivatives is if every institution that owns or trades them is properly margined and marked to market, including end-users, including every institution, including sovereigns and multilateral institutions, then the system would be safe - if people were margined the way customers of investment banks are margined. "

" So many people, including stark conservatives, have family members and close friends who are gay. "

" Securing for gays and lesbians the basic right to have their relationships and families recognized as part of a community makes all of our communities stronger. "

" In the workplace, employees should be judged on their merit and hard work and not on aspects that are irrelevant to their performance. "

" In both the U.S. and Europe, the budget and balance sheet numbers do not work. When 'off-balance sheet' promises are taken into account, the U.S. and most countries of the Euro zone are insolvent. "

" Opacity on extreme levels is not addressed anywhere, including Dodd-Frank. "

" Obviously, the institution of marriage in America has utterly collapsed. "

" The bottom line is that the euro is a failed experiment. "

" A great deal of stupidity has chipped away at the massive advantages of Western civilization, which could terminally decline if it remains on the current path. But these problems can be solved - and swiftly - if the right leaders emerge. "

" What would a loss of confidence in the dollar actually look like? Gold going absolutely nuts. "

" I'm rarely optimistic. "

" The starting point of my career in money management in 1973-74 was the time of the only true bear market any living non-Japanese investor has seen in major markets. Equities, real estate, you name it, everyone got run over. "

" It's true that monetary policy was too lax for too long, and the government encouraged lending to people who were unlikely to repay their loans. "

" It is impossible to understand the financial health of big financial institutions and their potential impact on the market. They don't even understand it themselves. "

" There's a feeling among some people that the Republican party is harsh on some things. "

" Margin is a customer concept. "

" Governments need to be authorized to provide 'open bank assistance.' The convolutions of Dodd-Frank aimed at 'avoiding' this tactic are ludicrous and will prove to be extremely costly to the system. "

" Successful hedge funds will be entrepreneurial; it is the essence of the craft. "