I Rely A Great Deal On Animal

Every Bubble Has Two Components: Something - Some Real Trend, And A Misconception About That Trend.

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

Misconceptions Play A Prominent Role In My View Of The World.

I Call Government That Works The Best For People Open Society, Which Is Basically Just Another More General Term For A Democracy That Is - You Call It Maybe A Liberal Democracy. It's Not Only Majority Rule But Also Respect For Minorities And Minority Opinions And The Rule Of Law. So It's Really A Sort Of Institutional Democracy.

When You Sell Options, You Get Paid For Assuming Risk. That Can Be A Profitable Business, But It Does Not Mix Well With The Risks Inherent In A Leveraged Portfolio.