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

The concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility).

The only thing that could hurt me is if my success encouraged me to return to my childhood fantasies of omnipotence - but that is not likely to happen as long as I remain engaged in the financial markets, because they constantly remind me of my limitations.

Changeless society is characterized by the absense of alternatives.

The scope for improvement is infinite, precisely because perfection is unattainable.

The main difference between me and other people who have amassed this kind of money is that I am primarily interested in ideas, and I don't have much personal use for money.

Discount the obvious, bet on the unexpected