The worse a situation becomes the less it takes to turn it around, the bigger the upside.

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

Any central bank should only be in charge of liquidity. Solvency is a matter for the treasury.

I am not a Zionist, nor am I am a practicing Jew, but I have a great deal of sympathy for my fellow Jews and a deep concern for the survival of Israel.

This crisis has the potential to be a lot worse than Lehman Brothers.

Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.

There is no point in being confident and having a small position.