We are the most powerful nation on earth. No external power, no terrorist organization can defeat us. But we can defeat ourselves by getting caught in a quagmire.

If the terrorists have the sympathy of people, it's much harder to find them. So we need people on our side, and that leads us to be responsible leaders of the world, show some concern with the problems.

I rely a great deal on animal instincts.

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.

A full and fair discussion is essential to democracy.

An open society is a society which allows its members the greatest possible degree of freedom in pursuing their interests compatible with the interests of others.

I'm not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.