'Sometimes you're outside your core competency. Level 3 is one of those times but I've made a bet on the people and I feel I understand the people. There was a time when people made a bet on me.'

'The important thing is to keep playing, to play against weak opponents and to play for big stakes.'- Nov. 2002 talking with students at Gaston Hall

'There are all kinds of businesses that Charlie and I don't understand, but that doesn't cause us to stay up at night. It just means we go on to the next one, …

'I like to go for cinches. I like to shoot fish in a barrel. But I like to do it after the water has run out.'- Oct. 2003 talking with Wharton MBA students