I call government that works the best for people open society, which is basically just another more general term for a democracy that is - you call it maybe a liberal democracy. It's not only majority rule but also respect for minorities and minority opinions and the rule of law. So it's really a sort of institutional democracy.

I rely a great deal on animal instincts.

The only thing that could hurt me is if my success encouraged me to return to my childhood fantasies of omnipotence - but that is not likely to happen as long as I remain engaged in the financial markets, because they constantly remind me of my limitations.

Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.

It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong

There is always a divergence between our perception and what actually exists.

The scope for improvement is infinite, precisely because perfection is unattainable.