The way you want to respond is to ask a question: Is this technology directly relevant to our hedgehog concept? If the answer is YES then we want to become pioneers not in the technology but in the application of that technology specifically linked to our hedgehog concept.

From coast to coast the FBI and Securities and Exchange Commission have ensnared people not only at hedge funds but at technology and pharmaceutical companies consulting and law firms government agencies and even a major stock exchange.

You can't have bank holding companies acting as hedge funds. You can't have them taking a million-dollar pension plan for Joe Schmo the bus driver and treat it with the same risk appetite that you treat George Soros' pocket money. It's fundamentally ridiculous.

Urban America has been redlined. Government has not offered tax incentives for investment as it has in a dozen foreign markets. Banks have redlined it. Industries have moved out they've redlined it. Clearly to break up the redlining process there must be incentives to green-line with hedges against risk.

I put quite a few trees in last autumn. A lot of silver birch and a couple of native trees - just generally doing gardening putting plants in and hedges in. It takes quite a lot of time and I love it.

The number-one job of the hedge-fund manager is not to make sure that you can retire with a smile on your face - it's for him to retire with a smile on his face.

Though bachelors be the strongest stakes married men are the best binders in the hedge of the commonwealth.

The fox has many tricks. The hedgehog has but one. But that is the best of all.

An aphorism ought to be entirely isolated from the surrounding world like a little work of art and complete in itself like a hedgehog.