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

If the bubbles contain a misconception, as they always do, then it can't be maintained forever.

The main difference between me and other people who have amassed this kind of money is that I am primarily interested in ideas, and I don't have much personal use for money.

There is no point in being confident and having a small position.

It is sort of a disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.

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.

It is credit that matters, not money (in other words, monetarism is a false ideology).