If truth be known, I carried some rather potent messianic fantasies with me from childhood which I felt I had to control, otherwise I might end up in the loony bin. But when I made my way in the world I wanted to indulge myself in my fantasies to the extent that I could afford.

It is much easier to put existing resources to better use, than to develop resources where they do not exist.

Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend and step off before it is discredited.

America needs to follow the policies it has introduced in Germany. We have to go through a certain de-Nazification process.

The generally accepted theory is that financial markets tend towards equilibrium, and...discount the future correctly. I operate using a different theory, according to which financial markets cannot possibly discount the future correctly because the do not merely discount the future; they help to shape it.

A lot of the evil in the world is actually not intentional. A lot of people in the financial system did a lot of damage without intending to.

Whenever there is a conflict between universal principles and self-interest, self-interest is likely to prevail.