Discount the obvious, bet on the unexpected

The world order needs a major overhaul.

As an anonymous participant in financial markets, I never had to weigh the social consequences of my actions ... I felt justified in ignoring them on the grounds that I was playing by the rules.

There is always a divergence between our perception and what actually exists.

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

When a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.

Merkel has realized that the euro is not working, but she cannot change the narrative she has created because that narrative has caught the imagination of the German public, and the German public has accepted it.