The Concept Of A General Equilibrium Has

An Open Society Calls Itself Open To Improvement. It Is Based On The Recognition That People Have Divergent Views And Interests, And That Nobody Is In Possession Of The Ultimate Truth.

It Is Sort Of A Disease When You Consider Yourself Some Kind Of God, The Creator Of Everything, But I Feel Comfortable About It Now Since I Began To Live It Out.

To Be Successful, You Need Leisure. You Need Time Hanging Heavily On Your Hands.

In Certain Circumstances, Financial Markets Can Affect The So-called Fundamentals Which They Are Supposed To Reflect. When That Happens, Markets Enter Into A State Of Dynamic Disequilibrium And Behave Quite Differently From What Would Be Considered Normal By The Theory Of Efficient Markets. Such Boom/bust Sequences Do Not Arise Very Often, But When They Do, They Can Be Very Disruptive, Exactly Because They Affect The Fundamentals Of The Economy.

The Hardest Thing To Judge Is What Level Of Risk Is Safe.