I think we're fooling ourselves if we think that regulators are going to be able to outsmart the bankers. So, the task of designing regulatory reform….

I don't think the idea of requiring these to be only sold to people who have already own the bonds, in other words, this naked position that the Germ….

If you have information that a company is not as good as its stock market valuation, you don't have a way to sell that stock unless you already own i….

If you pay attention to where your exposures are, you might tend up buying credit default swaps against a variety of people that you - companies that….

You know, some of the portfolios we might consider buying are portfolios which would do especially well if we have an economy-wide, or I mean, a glob….

When large companies take on risk, then they impose risks on the rest of the system. And these are systemic risks and these systemic risks we never u….

I don't see what the alternative to risk management is. If it's just getting rid of the models and instead using the smart people who can figure it o….

I agree with a lot of the points in Taleb's book, but I don't agree with many of his conclusions. It seems to me that he rightly points out that risk….

Risk managers and investment bankers and actually, all kinds of investors took on more risk than they expected. So there was a failure of risk manage….

That is, many times we're not risking our own money, we're risking somebody else's money, or maybe that someone is going to back stop or downside, bu….

I'd like to see a little more action on the energy side of things. I've been pushing for some kind of a carbon tax for years, and it seems to me we'v….

I think global coordination is tremendously important. I hope we can see this happening through the G20 and through coordination of regulatory regime….

I mean, we've always had gold bugs, but now we sort of realize that Treasure Bills might be in the same category. And we have derivatives like credit….

If a lot of people feel like this company is undervalued and go out and buy the stock, the stock price will go up reflecting the higher value of this….

Well if you've got information about a company, or you believe that a company is undervalued, you can go out and buy their stock and you can make som….

The collateralized debt obligation, the CDO, is a structure which allows you to more or less continuously choose how much risk you want to take in a ….

I think that's something that investment banks have worried about for a long time and are continuing to worry about, but it's not an easy solution wh….

We're talking about should we increase taxes? Why not put a tax on carbon emissions. It would raise a lot of money, it would reduce the environmental….

I think what we need is better understanding of how to do risk analysis of a CDO, but that they still can perform a very valuable function because th….

I think the credit default swaps can take the place of the rating agencies who really have missed the ball in this procedure and are quite conflicted….

A lot of ambitious code has been written into the law for those and we will have to see if it actually works, if we have another example of a big fin….