“Nature gave us pain as a messaging device to tell us that we are approaching, or that we have exceeded, our limits in some way.”

“I think that the first thing is you should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold.”

“Imagine if you had baseball cards that showed all the performance stats for your people: batting averages, home runs, errors, ERAs, win/loss records. You could see what they did well and poorly and call on the right people to play the right positions in a very transparent way.”

“There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That's a beautiful deleveraging.”

“Nature is a machine. The family is a machine. The life cycle is like a machine.”

“Nature gave us pain as a messaging device to tell us that we are approaching, or that we have exceeded, our limits in some way.”

“The pain of problems is a call to find solutions rather than a reason for unhappiness and inaction, so it's silly, pointless, and harmful to be upset at the problems and choices that come at you (though it’s understandable).”