I'm Only Rich Because I Know When

I Rely A Great Deal On Animal Instincts.

The Reality Is That Financial Markets Are Self-destabilizing; Occasionally They Tend Toward Disequilibrium, Not Equilibrium.

In Certain Circumstances, Financial Markets Can Affect The So-called Fundamentals Which They Are Supposed To Reflect. When That Happens, Markets Enter Into A State Of Dynamic Disequilibrium And Behave Quite Differently From What Would Be Considered Normal By The Theory Of Efficient Markets. Such Boom/bust Sequences Do Not Arise Very Often, But When They Do, They Can Be Very Disruptive, Exactly Because They Affect The Fundamentals Of The Economy.

A Lot Of The Evil In The World Is Actually Not Intentional. A Lot Of People In The Financial System Did A Lot Of Damage Without Intending To.

The Prevailing Wisdom Is That Markets Are Always Right. I Take The Opposite Position. I Assume That Markets Are Always Wrong.