I rely a great deal on animal instincts.

I'm only rich because I know when I'm wrong.

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

You could adjust the punishment to fit the infraction. Even a small fine would be enough to bring an errant government to heel.

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

The concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility).

Hedge funds are a very efficient way of managing money. But there are clearly some risks. Hedge funds use credit and credit is a source of instability. Transactions involving credit should be regulated.