Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.

Be fearful when others are greedy, and be greedy when others are fearful

California needs to solve its economic problems, and Arnold Schwarzenegger is the engine that will solve those problems.

No other management book will ever be needed.

I have great confidence in Joe Brandon's leadership abilities, reinsurance expertise, and financial skills, and look forward to working closely with him and General Re's next generation of leaders.

What you're seeing is the same old, same old: too much money chasing too few stocks.