Unfortunately, The More Complex The System, The

Once We Realize That Imperfect Understanding Is The Human Condition There Is No Shame In Being Wrong, Only In Failing To Correct Our Mistakes.

I Put Forward A Pretty General Theory That Financial Markets Are Intrinsically Unstable. That We Really Have A False Picture When We Think About Markets Tending Towards Equilibrium.

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

Every Bubble Consists Of A Trend That Can Be Observed In The Real World And A Misconception Relating To That Trend. The Two Elements Interact With Each Other In A Reflexive Manner.

Markets Can Influence The Events That They Anticipate.