Who would want one's children growing up buying things like bitcoin? I hope to God my family doesn't buy it. It's noxious poison.

They made a mistake. And it was an easy mistake to make. I don't regard setting incentives aggressively as a mistake. I think the mistake was, when the bad news came, they didn't recognize it directly. I don't think that impairs the future of Wells Fargo. They'll be better for it.

Wall Street has too much wealth and political power.

I believe Costco does more for civilization than the Rockefeller Foundation. I think it's a better place. You get a bunch of very intelligent people sitting around trying to do good, I immediately get kind of suspicious and squirm in my seat.

That's the great thing about social media: you can make one move, and everybody knows about it, and I kind of like that.

Don't get me wrong: I can and do waste time on the Internet with the best of them, but in some respects, I am an embarrassingly analog guy. I am not on Facebook. I write whole books on yellow legal pads. I do not own a cell phone.

With artificial intelligence, we are summoning the demon. You know all those stories where there's the guy with the pentagram and the holy water, and he's like, yeah, he's sure he can control the demon? Doesn't work out.

With the emergence of the Internet, it has become possible for creative and bold people with focus and determination to establish businesses in some of our remotest communities. But these will not work if they do not have reliable transport routes responding to the impatient modern customer.