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

I admire Chancellor Merkel for her leadership qualities, but she is leading Europe in the wrong direction.

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

The generally accepted theory is that financial markets tend towards equilibrium, and...discount the future correctly. I operate using a different theory, according to which financial markets cannot possibly discount the future correctly because the do not merely discount the future; they help to shape it.

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

To my mind, there is a solution which has to do with democracy, because democratic governments are subject to the will of the people. So, if the people will it, you can actually create international institutions through the democratic states.

The hardest thing to judge is what level of risk is safe.