“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.”

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.

The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.

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

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.

To my mind, there is a solution which has to do with democracy, because democratic governments are subject to the will of the people. So, if the people will it, you can actually create international institutions through the democratic states.

It is credit that matters, not money (in other words, monetarism is a false ideology).

As I discovered, there is a great deal of similarity between a boom-bust process in the financial markets and the rise and fall of the Soviet system.

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.

Hamas is simply continuing all its operations. And Israel will not let this terror operation decide when it’s convenient for them and not convenient for them to attack our people.

A great operation on the wrong patient is just as bad as a horrible operation on the right patient. So, you have to have all that together.

Planning other people’s actions means to prevent them from planning for themselves, means to deprive them of their essentially human quality, means enslaving them.

You know, many people have said that I’m on the edge and I’m maverick for some of the big operations that I’ve done. I’m not at all. I pray; I ask God to give me wisdom, ‘Should I do it?’, guidance in terms of how to do it, who to consult with. All those kind of things are incredibly important.

Private property creates for the individual a sphere in which he is free of the state. It sets limits to the operation of the authoritarian will.

I am a novelist turned temporary adventurer, and I chose to write television, movies and plays for much the same reason that Henry Morgan selected the Spanish Main for his peculiar – and not dissimilar – sphere of operations.

Wherefore the heart and the diaphragm are particularly sensitive, they have nothing to do, however, with the operations of the understanding, but of all these the brain is the cause.

My attitude is govern as if you’ve run your last race. That’s not to say I’ve run my last race, but govern with a liberation and a freedom; change your mind frame to operate that way.