Stability is not the way of the world.

The bottom line is that the euro is a failed experiment.

Individual liberty, the basic underpinning of American society, requires constant defense against the encroachment of the state.

The recent trading environment has felt something like walking into a place and having a sense that something is wrong and dangerous but not knowing exactly what will happen or when. “QE Infinity” has so distorted the prices of stocks and bonds that nobody can possibly determine what the investing landscape would look like, or what the condition of the economy and financial system would be, in the absence of Fed bond-buying.

Creating a regulatory system that reflects the modern-day realities of financial markets is not as difficult as it may appear.

Successful hedge funds will be entrepreneurial; it is the essence of the craft.

Resentment is not morally superior to earning money.