Sometimes my mistake has been hesitancy about acting on the decisions I've made. When's the best time to invest? It's today, not tomorrow.

I have probably purchased fifty 'hot tips' in my career, maybe even more. When I put them all together, I know I am a net loser.

As a young analyst just out of Stanford business school in the 1960s, I got to really understand what growth was about. Back then, you had to ask a customer to pay some money. That was the most important thing in getting a company off the ground.

I frankly think we in the financial service world believe we need appropriate kinds of regulations. No question about that. But when something like Dodd-Frank has been created, sort of in the mystery of night, it is a huge document. It's vast. It weighs about 10 pounds when I carry it around.

If the U.S. became the undisputed superpower that it is today, it was primarily because of its technology, whether it is in transportation, agriculture, high-tech industry, medicine, etc.

It's hard for me to speak of my own development. I'm the one behind the steering wheel, and it is easier to see where the vehicle is going when you are looking at it. For me, it feels like I have been doing the same thing all along.

This is America, and everybody should have a right to say what they want to say. But I think there's a time and a place for it.

The 'indistinguishable from magic' thing is highly dependent on where a viewer is looking from and not something intrinsic to any particular sort of tech.