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Running Quotes

“One thing that has become clear over the last several days is that we no longer have 135 choices to make. It's really one choice likely to emerge from question number two, Arnold Schwarzenegger, and that leaves the voters with a clear choice. They can retain Gray Davis as governor, or they can elect Arnold Schwarzenegger and his crew from Pete Wilson to run the governor's office.”

“Every question "runs in a vicious circle" because political life as a whole is an endless chain consisting of an infinite number of links. The whole art of politics lies in finding and taking as firm a grip as we can of the link that is least likely to be struck from our hands, the one that is most important at the given moment, the one that most of all guarantees its possessor the possession of the whole chain.”

“If a betting game among a certain number of participants I played long enough, eventually one player will have all the money. If there is any skill involved, it will accelerate the process of concentrating all the stakes in a few hands. Something like this happens in the market. There is a persistent overall tendency for equity to flow from the many to the few. In the long run, the majority loses. The implication for the trader is that to win you have to act like the minority. If you bring normal human habits and tendencies to trading, you'll gravitate toward the majority and inevitably lose.”

“I've never had a block. I'm talking within the limits of my abilities. But in my own small way, I've had an embarrassment of riches. I'll have five ideas and I'm dying to do them all. It takes weeks or months where I agonize and obsess over which to do next. I wish sometimes someone would choose for me. If someone said, Do idea number three next, that would be fine. But I have never had any sense of running dry.”