The need for values is inbred. Their content is not.

How do we know when irrational exuberance has unduly escalated asset values?

Now, I only play very occasionally, and in fact, more piano than clarinet or sax.

I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically -- I should say, fully -- hedged.

I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.

Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.

It's a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can.