Every bubble has two components: something - some real trend, and a misconception about that trend.

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

There is no point in being confident and having a small position.

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

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

The main obstacle to a stable and just world order is the United States.

Now that I have called you on your false accusation, you are using additional smear tactics.

Esperanto was a very useful language, because wherever you went, you found someone to speak with.

Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.

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

Media has the ability to make good seem evil and evil seem good.

Freedom or prison--what's the difference? A man must develop unwavering will power subject only to his reason.

To serve thy generation this thy fate: "Written in water " swiftly fades thy name But he who loves his kind does first or late A work too great for fame.

Every gift from a friend is a wish for your happiness.

A little learning is a dangerous thing. I must say that Rush Limbaugh is increasingly becoming a warning to kids of the perils of dropping out of school.

Now in November nearer comes the sun down the abandoned heaven.

I'm not like normal people. I'm no good at relationships. I draw drama to me - it's the Jew in me.

What I'm most pleased about is that there's no particular decline. The songs I wrote 40 years ago are no worse and no better - there's a consistency.

Oh, wouldn't the world seem dull and flat with nothing whatever to grumble at?

People should be more concerned with the return of their principal than the return on their principal.