Misconceptions play a prominent role in my view of the world.

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

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.

Markets are imperfect. So you do need regulation, knowing that the regulators are also human.

Germany will always do the minimum to preserve the euro. Doing the minimum, though, will perpetuate the situation where the debtor countries in Europe have to pay tremendous premiums to refinance their debt. The result will be a Europe in which Germany is seen as an imperial power that will not be loved and admired by the rest of Europe - but hated and resisted, because it will perceived as an oppressive power.

Find the trend whose premise is false, and bet against it.

My original intention was to spend the money in my lifetime.