“My conceptual framework, which basically emphasizes the importance of misconceptions, makes me extremely critical of my own decisions. I know that I am bound to be wrong, and therefore am more likely to correct my own mistakes.”

It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.

American supremacy is the greatest threat to the world today.

The scope for improvement is infinite, precisely because perfection is unattainable.

When a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.

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

What works for Germany can’t work for the rest of Europe: No country can run a chronic surplus without others running deficits.

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

The hardest thing to judge is what level of risk is safe.

If I had to sum up my practical skills, I would use one word: survival. And operating a hedge fund utilized my training in survival to the fullest.

Fundamental analysis seeks to establish how underlying values are reflected in stock prices, whereas the theory of reflexivity shows how stock prices can influence underlying values.

Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.

Investors operate with limited funds and intelligence, they do not need to know everything. As long as they understand something better than others, they have an edge.

The global crisis is caused by pathologies inherent in the global financial system itself.

The worse a situation becomes the less it takes to turn it around, the bigger the upside.

Markets can influence the events that they anticipate.

I fancied myself as some kind of god or an economic reformer like Keynes.

When the voices of democracy are silenced, freedom becomes a hollow concept.

My concept is that anybody has creative ability, but very few people know how to use it.

Stop all delays, all seeking and all striving. Put down your concepts, ideas and beliefs. For one instant be still and directly encounter the silent unknown core of your being. In that instant Freedom will embrace you and reveal the Awakening that you are.

Why is it that so few people are truly free? Because they try to conform to ideas, concepts, and beliefs in their heads.

It’s wearing spiritual clothing and spiritual concepts, but it is really no different than a drunk in the gutter who doesn’t want to feel the pain anymore.

Feel your way into what I am saying rather than thinking about it. Only a self-concept looks and longs for God. Drop your self-concept and there is only God meeting God. Enlightenment is the restoration of cosmic humor.

In the heart of a human being, emptiness becomes love. When we touch that Source, instantly the love is present. Literally, the divine becomes human and the human becomes divine.

(“Le concept de l’absolu, d’où découlent, dans le domaine moral, les lois ou normes morales, constitue, le principe d’identité, qui est la loi fondamentale de la pensée; il en découle les normes logiques qui régissent la pensée dans le domaine de la science.”)