A futures contract is a derivative, but the futures exchange doesn't call them 'derivatives,' they call them 'futures.'

Innovation must lead infrastructure for a simple but compelling reason: Innovation produces new types of products and markets, and it is virtually impossible to know how to run those markets efficiently before they are created.

If we internationalize everything, we end up with rules that stifle freedom and innovation.

I was involved with Wells Fargo Bank as a consultant in the late 1960s and early 1970s, when I suggested to them that they develop a product that has become known as index funds.

I am a man who has made a great deal of money, and I haven't got a great deal. This is because I give it no value, and a certain Christian precept is something to be lived by, and so forth.

It's nice to have money, but the first thing I did with money was buy my father a snow-blower, because my job was to shovel snow, and I wasn't there to do it any more, so I was able to buy him a blower.

Well, in our industry it's that the movies cost so much money to make they have to appeal to a broad audience. And I think that's part of what will loosen up in the future, as technology makes it cheaper, you'll be able to make films for a more selective audience. I think people will be able to make more personal movies.

The harsh reality is that we simply cannot tax our way out of our overspending and debt problem. We need a balanced approach that includes both a stronger economy to generate new tax revenues and bipartisan guardrails, which will help ensure that future presidents and congresses spend within our means.