Quotes of All Topics . Occasions . Authors
Market prices are always wrong.
The ultimate asset bubble is gold.
The world order needs a major overhaul.
My main concern is with the world order
I rely a great deal on animal instincts.
Discount the obvious, bet on the unexpected
I'm only rich because I know when I'm wrong.
I am for maximum supervision and minimum regulation.
I would prefer not to be involved in party politics.
A full and fair discussion is essential to democracy.
Markets can influence the events that they anticipate.
The hardest thing to judge is what level of risk is safe.
Find the trend whose premise is false, and bet against it.
Revolutions usually start with enthusiasm and end in tears.
My original intention was to spend the money in my lifetime.
American supremacy is the greatest threat to the world today.
Misconceptions play a prominent role in my view of the world.
Studying economics is not a good preparation for dealing with it.
There is no point in being confident and having a small position.
Well, you know, I was a human being before I became a businessman.
Changeless society is characterized by the absense of alternatives.
This crisis has the potential to be a lot worse than Lehman Brothers.
The main obstacle to a stable and just world order is the United States.
I fancied myself as some kind of god or an economic reformer like Keynes
My sense of insecurity keeps me alert, always ready to correct my errors.
In politics, manipulating reality can take presidence over finding reality.
Unfortunately, the more complex the system, the greater the room for error.
Once a trend is established it tends to persist and to run it’s full course.
There is always a divergence between our perception and what actually exists.
To be successful, you need leisure. You need time hanging heavily on your hands.
The scope for improvement is infinite, precisely because perfection is unattainable.
The bureaucratic method of building an integrated Europe has exhausted its potential.
It is credit that matters, not money (in other words, monetarism is a false ideology).
Political debate is more interested in manipulating the truth, than finding the truth.
Unrestrained competition can drive people into actions that they would otherwise regret.
The worse a situation becomes the less it takes to turn it around, the bigger the upside.
The global crisis is caused by pathologies inherent in the global financial system itself.
Market prices are always wrong in the sense that they present a biased view of the future.
The laissez-faire argument relies on the same tacit appeal to perfection as does communism.
My approach works not by making valid predictions but by allowing me to correct false ones.
Now that I have called you on your false accusation, you are using additional smear tactics.
However, even a strong government can't perform miracles. It needs money from the taxpayers.
Markets are imperfect. So you do need regulation, knowing that the regulators are also human.
Any central bank should only be in charge of liquidity. Solvency is a matter for the treasury.
If the bubbles contain a misconception, as they always do, then it can't be maintained forever.
Esperanto was a very useful language, because wherever you went, you found someone to speak with.
To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride.
Short term volatility is greatest at turning points and diminishes as a trend becomes established
When money is free, the rational lender will keep on lending until there is no one else to lend to.
The sovereignty of states must be subordinated to international law and international institutions.