Now That I Have Called You On

Markets Can Influence The Events That They Anticipate.

In The Case Of A Meltdown, The Regulatory Authorities May Find Themselves Obliged To Step In To Preserve The Integrity Of The System. It Is In That Light That The Authorities Have Both A Right And An Obligation To Supervise And Regulate Derivative Instruments.

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.

The Dark Comes Before Dawn. The Financial Markets Are Under Great Pressure Because Of The Lack Of Leadership During The Transition Period.

Although I Have Made A Fortune In The Financial Markets, I Now Fear That The Untrammeled Intensification Of Laissez-faire Capitalism And The Spread Of Market Values Into All Areas Of Life Is Endangering Our Open And Democratic Society. The Main Enemy Of The Open Society, I Believe, Is No Longer The Communist But The Capitalist Threat.