Discount the obvious, bet on the unexpected

The ultimate asset bubble is gold.

Changeless society is characterized by the absense of alternatives.

The world is looking to us for leadership. We have provided it in the past; the main reason why anti-American feelings are so strong in the world today is that we are not providing it in the present.

The financial markets play an active role in determining what's going to happen, how the economy is going to function.

My conceptual framework, which basically emphasizes the importance of misconceptions, makes me extremely critical of my own decisions. I know that I am bound to be wrong, and therefore am more likely to correct my own mistakes.

The strength of this country lies in the Declaration of Independence and the Bill of Rights and the freedom of speech and thought.