Once A Trend Is Established It Tends

My Sense Of Insecurity Keeps Me Alert, Always Ready To Correct My Errors.

I Very Often Used To Get Backaches Due To The Fact That I Was Wrong. Whenever You Are Wrong You Have To Fight Or [take] Flight. When [i] Make The Decision, The Backache Goes Away.

Whenever There Is A Conflict Between Universal Principles And Self-interest, Self-interest Is Likely To Prevail.

Hedge Funds Are A Very Efficient Way Of Managing Money. But There Are Clearly Some Risks. Hedge Funds Use Credit And Credit Is A Source Of Instability. Transactions Involving Credit Should Be Regulated.

The Prevailing Wisdom Is That Markets Are Always Right. I Take The Opposite Position. I Assume That Markets Are Always Wrong.