It's Not Whether You're Right

In The Case Of A Meltdown, The Regulatory Authorities May Find Themselves Obliged To Step In To Preserve The Integrity Of The System. It Is In That Light That The Authorities Have Both A Right And An Obligation To Supervise And Regulate Derivative Instruments.

Outperforming The Market With Low Volatility On A Consistent Basis Is An Impossibility. I Outperformed The Market For 30-odd Years, But Not With Low Volatility.

As An Anonymous Participant In Financial Markets, I Never Had To Weigh The Social Consequences Of My Actions ... I Felt Justified In Ignoring Them On The Grounds That I Was Playing By The Rules.

We Are Trying To Make The World A Better Place, But That Is Not Necessarily What We Accomplish. Many Of The Problems Which Preoccupy Us Are Basically Insoluble.

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