In Politics, Manipulating Reality Can Take Presidence

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.

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.

Every Bubble Has Two Components: Something - Some Real Trend, And A Misconception About That Trend.

There Is A Well-established Conviction That The Central Banks Always Do What Is Necessary To Keep The System Going And Then Afterwards You Then Take Care Of The Legal Aspects. In A Crisis, You Simply Do Not Have Time To Think About Such Concerns For Too Long.

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.