“The Universe operates on a basic principle of economics: everything has its cost. We pay to create our future, we pay for the mistakes of the past. We pay for every change we make . . . and we pay just as dearly if we refuse to change.”

“Quite apart from the fact that we usually pay so dearly for our follies, we should be generous about them, to ourselves and others. Yes, we always pay for them, and sometimes the smallest indiscretions cost as much as the largest.”

“We can pay our debts to the past by putting the future in debt to ourselves.”

“We as economic society are going to have to pay our whole population to go to school and pay it to stay at school.”

“The grim irony of investing, then, is that we investors as a group not only don't get what we pay for, we get precisely what we don't pay for. So if we pay for nothing, we get everything.”

“We had yet to learn that the Devil created youth so that we could make our mistakes, and that God established maturity and old age so that we could pay for them...”