I put forward a pretty general theory that financial markets are intrinsically unstable. That we really have a false picture when we think about markets tending towards equilibrium.

If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.

Just as the process of repealing national alcohol prohibition began with individual states repealing their own prohibition laws, so individual states must now take the initiative with respect to repealing marijuana prohibition laws.

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

Every bubble has two components: something - some real trend, and a misconception about that trend.

If the bubbles contain a misconception, as they always do, then it can't be maintained forever.

The strength of this country lies in the Declaration of Independence and the Bill of Rights and the freedom of speech and thought.