Germans tend to forget now that the euro was largely a Franco-German creation. No country has benefited more from the euro than Germany, both politically and economically. Therefore what has happened as a result of the introduction of the euro is largely Germany's its responsibility.

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

I'm not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.

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.

It is sort of a disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.

It is credit that matters, not money (in other words, monetarism is a false ideology).

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