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“Certainly there was the Affordable Care Act part, then unaccompanied children [there has been a surge of children entering the country illegally and without parents, particularly in Texas], and things like, we find smallpox in an NIH lab, after 50 years? Why didn't you find it, like, five weeks ago or three years ago? There was thing after thing. But the big ones were [dealing with] the Ebola [outbreak], the unaccompanied children. [It was] perhaps a bigger challenge than I had calculated on my yellow pad as I was thinking about this role.”

“Size will hurt returns. Look at Berkshire Hathaway - the last five things Warren has done have generated returns that are splendid by historical standards, but now give him $100 billion in assets and measure outcomes across all of it, it doesn't look so good. We can only buy big positions, and the only time we can get big positions is during a horrible period of decline or stasis. That really doesn't happen very often.”

“When we got to Steamboat, we were on that big stage at five in the afternoon, and it was almost at capacity. I told my guys 'no matter what we've done to get to this point, no matter what lows, what highs, right now we are here and we've got a point to prove." It was probably one of my most memorable performances thus far.”