Fundamental analysis seeks to establish how underlying values are reflected in stock prices, whereas the theory of reflexivity shows how stock prices can influence underlying values

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

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

If every rich person gave 50 percent of their wealth to charity, I would not say they should pay more taxes.

There is very little difference between speculation and investment. The only difference is basically that investments are successful speculations because if you successfully anticipate the future you make a speculative profit.

The criminalization of marijuana did not prevent marijuana from becoming the most widely used illegal substance in the United States and many other countries. But it did result in extensive costs and negative consequences.

My main concern is with the world order