It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong

Increase your bets when you are confident and scale down your positions when you don't have conviction.

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.

Democracy, by its very nature, can't be imposed on people. Democracy has to be the people deciding for themselves.

I commissioned two political experts to advise me about what I could do to oppose the re-election of President Bush.

My sense of insecurity keeps me alert, always ready to correct my errors.