Christopher Dodd: Legislation

WASHINGTON - SEPTEMBER 22:  Senate Banking Com...

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“We can’t legislate wisdom or passion. We can’t legislate competency. All we can do is create the structures and hope that good people will be appointed who will attract other good people.”

Senator Christopher Dodd, trying to justify the expanded discretionary power given to regulators to constrain excesses in the financial services industry.

Warren Buffett: Competency and safety

Management Quote

“People who know the edge of their own competency are safe, and those who don’t, aren’t.” – Warren Buffett

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