The Hardest Thing To Judge

Although I Have Made A Fortune In The Financial Markets, I Now Fear That The Untrammeled Intensification Of Laissez-faire Capitalism And The Spread Of Market Values Into All Areas Of Life Is Endangering Our Open And Democratic Society. The Main Enemy Of The Open Society, I Believe, Is No Longer The Communist But The Capitalist Threat.

Once We Realize That Imperfect Understanding Is The Human Condition There Is No Shame In Being Wrong, Only In Failing To Correct Our Mistakes.

Political Debate Is More Interested In Manipulating The Truth, Than Finding The Truth.

To Others, Being Wrong Is A Source Of Shame; To Me, Recognizing My Mistakes Is A Source Of Pride.

Taking This View, It Is Possible To See Financial Markets As A Laboratory For Testing Hypotheses, Albeit Not Strictly Scientific Ones. The Truth Is, Successful Investing Is A Kind Of Alchemy.