“Never penalize those who work for us for mistakes or reward them for being right about markets. It will go to their heads, is counterproductive and, in any event, material compensation will not correlate with their ability to predict the future next time.”

“'The only perfect hedge is a Japanese garden': Speech to the National Association of Corporate Treasurers." http://www.generotberg.com/speeches/1990s/The%20Only%20Perfect%20Hedge%20is%20a%20Japanese%20Garden.pdf. (1990)

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