I called gold the ultimate bubble, which means it may go higher. But it’s certainly not safe and it’s not going to last forever.

The pro-Israel lobby has been remarkably successful in suppressing criticism. Politicians challenge it at their peril because of the lobby's ability to influence political contributions.

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.

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

My original intention was to spend the money in my lifetime.

To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride.

Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention, and I wouldn't underestimate the value of that. But they're not designed to take care of social needs.