Investors operate with limited funds and intelligence, they do not need to know everything. As long as they understand something better than others, they have an edge.

Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.

A full and fair discussion is essential to democracy.

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.

The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.

I'm only rich because I know when I'm wrong...I basically have survived by recognizing my mistakes.

President George W. Bush is endangering the United States and the world's safety while undermining American values.