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Derivatives are a huge, complex issue.

I did not take a calculus course until my second year of college.

I didn't have any great job prospects.

During the desperate depression of the 1980s, there were no oil and gas companies without net operating losses.

I turn aside with a shudder of horror from this lamentable plague of functions which have no derivatives.

If there were not derivatives, there would be no bank loans at all today, because people want to get fixed-rate 30-year loans, but banks don't want to keep 30-year loans on their books.

History has not dealt kindly with the aftermath of protracted periods of low risk premiums.

I didn't get interested in education until I had kids.

I did not write any of the letters that were ever published as investment commentary.