Once a trend is established it tends to persist and to run it’s full course.

Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test.

It is much easier to put existing resources to better use, than to develop resources where they do not exist.

The eurozone status quo is neither tolerable nor stable. Mainstream economists would call it an inferior equilibrium; I call it a nightmare - one that is inflicting tremendous pain and suffering that could be easily avoided if the misconceptions and taboos that sustain it were dispelled.

A lot of the evil in the world is actually not intentional. A lot of people in the financial system did a lot of damage without intending to.

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.

In politics, manipulating reality can take presidence over finding reality.