“I sense that I am dawdling in this narrative, having already reached my eighth roll of Hieratica, and need to speed it up a little, else either I shall die on the job, or you will be worn out reading.”

“Right, you see that girl over there, the one in that group that keeps looking right at you?'...'Right, let's say I'm convinced she's wearing black knickers - she looks like a black knickers kind of gal to me - and I'm so sure that's what she's wearing, so positive of that sartorial fact, I want to bet a million dollars on it. The trouble is, if I'm wrong, I'm wiped out. So I also bet she's wearing knickers that aren't black, but are any one of a whole basket of colours - let's say I put nine hundred and fifty thousand dollars on that possibility: that's the rest of the market; that's the hedge. This is a crude example, okay, in every sense, but hear me out. Now if I'm right, I make fifty K, but even if I'm wrong I'm going to lose fifty K, because I'm hedged. And because ninety-five per cent of my million dollars is not in use - I'm never going to be called on to show it: the only risk is in the spread - I can make similar bets with other people. Or I can bet it on something else entirely. And the beauty of it is I don't have to be right all the time - if I can just get the colour of her underwear right fifty-five per cent of the time I'm going to wind up very rich...”

“Have you ever seen fishermen when a storm is brewing on a great river? I have seen them many a time. In the face of a storm one group of fishermen will muster all their forces, encourage their fellows and boldly put out to meet the storm: 'Cheer up, lads, hold tight to the tiller, cut the waves, we'll pull her through!' But there is another type of fishermen - those who, on sensing a storm, lose heart, begin to snivel and demoralise their own ranks: 'What a misfortune, a storm is brewing; lie down, boys, in the bottom of the boat, shut your eyes; let's hope she'll make the shore somehow.”

“I found, for example, that Cicero was fond of repeating certain phrases, and these I learned to reduce to a line, or even a few dots--thus proving what most people already know, that politicians essentially say the same thing over and over again.”

“Sometimes," he said, summing up the discussion with an aphorism I have never forgotten, "if you find yourself stuck in politics, the thing to do is start a fight--start a fight, even if you do not know how you are going to win it, because it is only when a fight is on, and everything is in motion, that you can hope to see your way through.”

“To say she was my girlfriend was absurd: no one the wrong side of thirty has a girlfriend… I suppose I ought to have realize it’s ominous that forty thousand years of human language had failed to produce a word for our relationship.”

“You can't make sense of the present unless a part of you lives in the past.”