You’ve got to have models in your head. And you’ve got to array your experience—both vicarious and direct—on this latticework of models. You may have noticed students who just try to remember and pound back what is remembered. Well, they fail in school and in life. You’ve got to hang experience on a latticework of models in your mind.

Risk management is the core competitiveness of the financial industry, period.

Innovation is not the goal; solving problems is.

First you take a drink, then the drink takes a drink, then the drink takes you.

Every hide carries two histories: the animal's life and the tanner's legacy. We're responsible for both.

我们都害怕——为我们的信心，为未来，为这个世界。