Markets Are Constantly In A State Of

Taking This View, It Is Possible To See Financial Markets As A Laboratory For Testing Hypotheses, Albeit Not Strictly Scientific Ones. The Truth Is, Successful Investing Is A Kind Of Alchemy.

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 Recognize The Trend Whose Premise Is False, Ride That Trend And Step Off Before It Is Discredited.

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

Anticipating Attacks, I Should Like To Emphasize That I Do Not Subscribe To The Myths Propagated By Enemies Of Israel And I Am Not Blaming Jews For Anti-semitism. Anti-semitism Predates The Birth Of Israel. Neither Israel's Policies Nor The Critics Of Those Policies Should Be Held Responsible For Anti-semitism. At The Same Time, I Do Believe That Attitudes Toward Israel Are Influenced By Israel's Policies, And Attitudes Toward The Jewish Community Are Influenced By The Pro-israel Lobby's Success In Suppressing Divergent Views.

You Need A Government That Believes In Government. It Also Believes In Markets And Wants To Give Markets The Best, The Greatest Opportunity, But Is Trying To Govern Well.