Quotations

«I personally think it would be better if the NYSE remained as a neutral, not-for-big-profit institution. The exchange has done a very good job over the centuries. It's one of the most important institutions in the world. The enemy of investment is activity.... I know the American investor will not be better off if volume doubles on the NYSE, and I know the NYSE will be trying to figure out how to do that if it is trying to maximize its own earnings per share. GM or IBM will not earn more money if their stock turns over more actively, but a for-profit NYSE will.»

«The EURO is EASY to trade.»

«Eddie is a very smart guy, but putting Kmart and Sears together is a tough hand.»

«During 2002 we entered the foreign currency market for the first time in my life. In 2003, we enlarged our position, as I became increasingly bearish on the dollar.»

«Putting $1,000 in the pockets of 310,000 families with urgent needs is going to provide far more stimulus to the economy than putting the same $310 million in my pockets.»

«Eddie understood that how he lugged bats was unimportant. What counted instead was hooking up with the cream of those on the playing field.»

«Bill Gates and I kind of cooked it up together. We hope we could get a school program someplace, where the kids were taught the game and . . . develop a lot of competition between schools.»

«We'd go down and play the best team. It would be fun for me and Bill to play the champions. And it might spur them on some.»

«These costs are now being incurred in amounts that will cause shareholders to earn far less than they historically have.»

«The directors know now -- and will always know in the future -- exactly what they will do when the need arises. And while we are on the subject, I feel terrific.»