“You have to be very careful giving up analogue dollars for digital pennies,” said Jeff Zuker, CEO of NBC.

“Outsourcing is quickly becoming mostly outdated as a business model,” said GE CEO, Jeffrey Immelt.

“We don’t want to go from Wild Turkey to cold turkey overnight,” said Richard Fisher, president of the Dallas Federal Reserve.

“It’s basically evil, and I don’t think it should ever be allowed to reach the size that it did. Why should everyone pay a small group of people to basically engage in legalized front running of our orders,” said Berkshire Hathaway Vice Chairman, Charlie Munger, about high frequency trading.

“Man, it feels more and more like 199 every day. Risk is being discounted tremendously,” said venture capitalist, Bill Gurley.

Everybody wants to go to Heaven, but nobody wants to die,” said former congressman Barney Frank about the difficult in achieving true tax reform.

“Guys that are short, they better have a shovel to dig themselves out of the grave,” said legendary hedge fund manager, David Tepper, of Appaloosa Management.

“The less prudent you find the actions of others, the more prudent you need to act yourself,” said oracle of Omaha, Warren Buffett.

“An analyst is someone who knows a lot about a few things, and learns more and more about less and less, until eventually, he knows everything about nothing,” said Howard Marks, chairman of Oaktree Capital Management, at the Las Vegas SkyBridge Alternative Asset Conference.

“Everything begins and ends with quantitative easing”, said Jeffrey Gundlach, the CEO of hedge fund Doubleline Capital, and the new bond king.

“Transparency is a good idea. Like my shower door, it lets in the light, but keeps out the flies,” said former Federal Reserve governor, Bob McTeer.

“I don’t know who spends more, Democrats or Republicans, but Democrats seem to enjoy it more,” said former Federal Reserve governor, Bob McTeer.

“Bonds are priced artificially because you’ve got some guy buying $85 billion a month. That will change at some point, and when it does, people are going to lose a lot of money,” said oracle of Omaha, Warren Buffett.

“The private economy is OK here. It is absorbing these body blows from Washington. Housing and energy could offset the shenanigans coming out of there,” said Stephen Wood, CIO with Russell Investments Group.

“You cannot trust bankers to control themselves. They’re like heroin addicts,” said Berkshire Hathaway Vice Chairman, Charlie Munger.