The ultimate asset bubble is gold.
Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test.
Misconceptions play a prominent role in my view of the world.
The hardest thing to judge is what level of risk is safe.
It is credit that matters, not money (in other words, monetarism is a false ideology).
Of course, speculation will always make a crisis worse. If there is a weak point, it will expose it.