Occupation: Business Magnate Birth: August 12, 1930
I'm not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity..
The collapse of the global marketplace would be a traumatic event with unimaginable consequences. Yet I find it easier to imagine than the continuati….
When a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd i….
The main obstacle to a stable and just world order is the United States. [This idea] happens to coincide with the prevailing opinion in the world. An….
If truth be known, I carried some rather potent messianic fantasies with me from childhood which I felt I had to control, otherwise I might end up in….
Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to….
It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.
In politics, manipulating reality can take presidence over finding reality..
The sovereignty of states must be subordinated to international law and international institutions..
American supremacy is the greatest threat to the world today..
The main enemy of the open society, I believe, is no longer the communist but the capitalist threat..
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 ….
Investors operate with limited funds and intelligence, they do not need to know everything. As long as they understand something better than others, ….
I fancied myself as some kind of god or an economic reformer like Keynes.
To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride..
Increase your bets when you are confident and scale down your positions when you don't have conviction..
If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring..
The main obstacle to a stable and just world order is the United States..
There is no point in being confident and having a small position..
I'll tell you what I'd do if it were up to me: I would establish a strictly controlled distribution network through which I would make most drugs, ex….
The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going….