I can't think of another enterprise other than being a homeowner that can't have its debt restructured in bankruptcy. Corporations can but a homeowner can't? Now with securitization the homeowner can't go to the owner of the loan and work things out.

I don't think it makes any sense for an individual to invest in common stocks unless they know the company, work at the company, and so on.

I don't think the market can keep going up. In the U.S., we see real estate not going up.. houses are selling at lower prices. You can't have anything going up 10 percent to 20 percent to 30 percent indefinitely.

I think over any period of time, especially if you don't use leverage, it is difficult to continually beat the S&P 500.

Contemporary art challenges us.. it broadens our horizons. It asks us to think beyond the limits of conventional wisdom.