The ultimate asset bubble is gold.

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.

Reading is a time machine that allows you to acquire wisdom from the past and to analyze and imagine another person’s vision of the future.

There are miracles and glory in every child. Our glory lies in empowering them to flourish their glory.

I don't know what better teenage life you could get than going around the world doing what you love to do.

There's something inherently comic about the fact that politicians make things worse by worrying too much about something.

Repose without stagnation is the state most favorable to happiness. "The great felicity of life," says Seneca, "is to be without perturbations.

God has nothing to say to the self-righteous.

She attracted him more than he liked.

The big advantage of a book is that it's very easy to rewind. Close it and you're right back at the beginning.

Everybody makes money when times are good. It's when times are not so good that the groundwork is laid for the next generation.

I must be cruel, only to be kind.