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“On the surface the avant garde as a whole seems united primarily in terms of what they are against: the rejection of social institutions and established artistic conventions, or antagonism towards the public (as representative of the existing order). By contrast any positive programme tends to be claimed as exclusive property by isolated and even mutually antagonistic sub-groups. So modern art appears fragmented and sectarian, defined as much by manifestos as imaginative work.”

“Therefore those governing the State ought primarily to devote themselves to the service of individual groups and of the whole commonwealth, and through the entire scheme of laws and institutions to cause both public and individual well-being to develop spontaneously out of the very structure and administration of the state.”

“Conservatives . . . may decide to join the game and seek activist judges with conservative views. Should that come to pass, those who have tempted the courts to political judging will have gained nothing for themselves but will have destroyed a great and essential institution. . . . There are only two sides. Either the Constitution and statutes are law, which means their principles are known and control judges, or they are malleable texts that judges may rewrite to see that particular groups or political causes win.”

“I've always wondered why European politicians as a group seemed brighter than American politicians as a group. Maybe it's becausemany American politicians have the race issue to fall back on. They become lazy, suspicious of innovative ideas, and as a result American institutions atrophy.”

“The commission of the investment sins listed above is not limited to 'the little guy.' Huge institutional investors, viewed as a group, have long underperformed the unsophisticated index-fund investor who simply sits tight for decades. A major reason has been fees: Many institutions pay substantial sums to consultants who, in turn, recommend high-fee managers. And that is a fool's game.”

“[University students] hated the hypocrisy of adult society, the rigidity of its political institutions, the impersonality of its bureaucracies. They sought to create a society that places human values before materialistic ones, that has a little less head and a little more heart, that is dominated by self-interest and loves its neighbor more. And they were persuaded that group protest of a militant nature would advance those goals.”

“I thought that perhaps the most creative mix for a society would be nine parts solid worker from institutions like MIT to one part poet from Marrakech, but in spite of the fact that I myself had been trained to be one of the solid workers, which meant that all of my sympathies lay with that group, I would not surrender the poet. The problem was to find him.”