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" Proprietary stock-index arbitrage is but one aspect of program trading. Arbitrage will take place whenever there is an imbalance created in one or more markets that are similar. "
" I am more rich in goods than I am in money. "
" Shareholders share in the downside and not necessarily in the upside; that's the whole story. "
" People in Philadelphia are a world apart from New York. They're very different from people in the New York scene. The New York scene wants your visibility and wants your money. "
" I have never been a social lion; I was misidentified as one because I have a very attractive second wife. "
" Commercial banks are very good for certain businesses, like loans and guarding other people's money. They're not great investors or entrepreneurs. "
" The media, the polls and our legislatures fortunately have short attention spans. "
" I thought that ending Glass-Steagall was a mistake. "
" I never thought of myself as a king. People really want you to be their deity. They forget the fact that you are a person who has feelings and doubts. "