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The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong.

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Investing is about predicting the future, and predicting the future is about patterns.

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I have made my share of mistakes. There is no shame in admitting them and learning from them.

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Capitalism is not perfect, but it offers the best chance for progress and prosperity.

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Scientific method seeks to understand things as they are, while alchemy seeks to bring about a desired state of affairs.

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the primary objective of science is truth, – that of alchemy, operational success.

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ジョージ・ソロスは、もともと哲学者を目指していた

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the winner is not the most beautiful contestant but the one whom the greatest number of people consider beautiful.

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The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.

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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.

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