You Need A Government That Believes In

When Interest Rates Are Low We Have Conditions For Asset Bubbles To Develop, And They Are Developing At The Moment. The Ultimate Asset Bubble Is Gold.

I Put Forward A Pretty General Theory That Financial Markets Are Intrinsically Unstable. That We Really Have A False Picture When We Think About Markets Tending Towards Equilibrium.

I Passionately Disagreed With Treasury Secretary Hank Paulson's Plan To Bail Out The Banks By Using A Public Fund Called The Troubled Asset Relief Program (tarp) To Help Banks Take Toxic Assets Off Their Balance Sheets. I Argued That It Would Be Much Better To Put The Money Where The Hole Was And Replenish The Equity Of The Banks Themselves.

I'm Only Rich Because I Know When I'm Wrong...i Basically Have Survived By Recognizing My Mistakes.

Markets Are Constantly In A State Of Uncertainty And Flux And Money Is Made By Discounting The Obvious And Betting On The Unexpected.