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

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.

The more comprehensive and convincing a debt reduction program is, the less likely it is to fail. And remember, just as Germany is grateful to America for the Marshall Plan, Italy would be grateful to Germany for helping it lower its refinancing costs.

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

The sovereignty of states must be subordinated to international law and international institutions.

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

Most of the poverty and misery in the world is due to bad government, lack of democracy, weak states, internal strife, and so on.