'I just don't see anything available that gives any reasonable hope of delivering such a good year and I have no desire to grope around, hoping to 'get lucky' with other people's money. I am not attuned to this market environment, and I don't want to spoil a decent record by trying to play a game I don't understand just so I can go out a hero.'

'I am out of step with present conditions. When the game is no longer played your way, it is only human to say the new approach is all wrong, bound to lead to …

'It's class warfare, my class is winning, but they shouldn't be.' - CNN Interview, May 25 2005, in arguing the need to raise taxes on the rich.

'The managers at fault periodically report on the lesson they have learned from the latest disappointment. They then usually seek out future lessons.'