“I’m only rich because I know when I’m wrong…I basically have survived by recognizing my mistakes.”

The sovereignty of states must be subordinated to international law and international institutions.

Find the trend whose premise is false, and bet against it.

My main concern is with the world order.

If the bubbles contain a misconception, as they always do, then it can’t be maintained forever.

I chose America as my home because I value freedom and democracy, civil liberties and an open society.

When money is free, the rational lender will keep on lending until there is no one else to lend to.

To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride.

In politics, manipulating reality can take presidence over finding reality.

Discount the obvious, bet on the unexpected.

There is very little difference between speculation and investment. The only difference is basically that investments are successful speculations because if you successfully anticipate the future you make a speculative profit.

Once a trend is established it tends to persist and to run it’s full course.

My sense of insecurity keeps me alert, always ready to correct my errors.

Misconceptions play a prominent role in my view of the world.

I’m not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.

Studying economics is not a good preparation for dealing with it.

When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold.

At the time me and X met, we weren’t homeless, but we were basically homeless.

There were basically three themes. One was the sun theme which is the guitar when he’d get sun on his leg and it comes again in the end. And there’s of course the lullaby which Dido sang, “If I Rise.” And then there’s this driving guitar which is the motivation theme.

Filling a need is not merely good business; it’s a basic attitude towards life. If you see a need, do whatever you can to meet that need.

Childhood is not a state which only applies to the first phase of our lives in the biological sense. Rather it is a basic condition which is always appropriate to a life that is lived aright.

We have to get back down to basics. We have to start organizing at the neighborhood level to get people educated to vote.

Ultimately, health care fails the most basic test. It’s not organized around the needs of the patient.

A basic law: the more you practice the art of thankfulness, the more you have to be thankful for.

Do not doubt your own basic goodness. In spite of all confusion and fear, you are born with a heart that knows what is just, loving, and beautiful.