The Integration Of Europe Was Very Much

Outperforming The Market With Low Volatility On A Consistent Basis Is An Impossibility. I Outperformed The Market For 30-odd Years, But Not With Low Volatility.

Fundamental Analysis Seeks To Establish How Underlying Values Are Reflected In Stock Prices, Whereas The Theory Of Reflexivity Shows How Stock Prices Can Influence Underlying Values

Money Values Do Not Simply Mirror The State Of Affairs In The Real World; Valuation Is A Positive Act That Makes An Impact On The Course Of Events. Monetary And Real Phenomena Are Connected In A Reflexive Fashion; That Is, They Influence Each Other Mutually. The Reflexive Relationship Manifests Itself Most Clearly In The Use And Abuse Of Credit.

The Reality Is That Financial Markets Are Self-destabilizing; Occasionally They Tend Toward Disequilibrium, Not Equilibrium.

I Commissioned Two Political Experts To Advise Me About What I Could Do To Oppose The Re-election Of President Bush.