I Don't Use My Money To Gain

I'm Not Better Than The Next Trader, Just Quicker At Admitting My Mistakes And Moving On To The Next Opportunity.

However, You Have To Recognize That Regulations Will Never Be Completely Successful And They Will Always Be Full Of Holes. You Must Constantly Be Ready To Fill New Holes. Actually Regulation Should Be Kept To A Minimum, But There Has To Be Some Cooperation Between Market Participants And Authorities - As Was The Case In The Early Postwar Years. The Bank Of England Was A Very Successful Regulator By Cooperating With Market Participants. This Cooperative Spirit Was Broken By The Market Fundamentalists.

As A Society We Can't Live Without Moral Considerations. We Do Have To Protect The Public Good. And Markets Are Not Designed To Do That, So We Need A Political Process.

Making An Investment Decision Is Like Formulating A Scientific Hypothesis And Submitting It To A Practical Test.

Once A Trend Is Established It Tends To Persist And To Run It’s Full Course.