Outperforming The Market With Low Volatility On

I Contend That Financial Markets Never Reflect The Underlying Reality Accurately; They Always Distort It In Some Way Or Another And The Distortions Find Expression In Market Prices. Those Distortions Can, Occasionally, Find Ways To Affect The Fundamentals That Market Prices Are Supposed To Reflect.

No Individual Anonymous Participant Can Influence The Prices And Therefore You Really Can Speculate In The Market Without Paying Attention To Morality. That's One Of The Positive Features Of Markets. That's Why They Function.

I Fancied Myself As Some Kind Of God Or An Economic Reformer Like Keynes

The Reality Is That Financial Markets Are Self-destabilizing; Occasionally They Tend Toward Disequilibrium, Not Equilibrium.

I Think It Is Natural That Every Country Has To Take Care Of Its Interests, But There Are Some Interests That Are Common To All Countries. There Are Some Human Interests, Or We Need Also International Cooperation. We've Sometimes Confused It With Dictation.