- Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are supposed to come to rest at an equilibrium point.
- The financial markets generally are unpredictable. So that one has to have different scenarios.. The idea that you can actually predict what's going to happen contradicts my way of looking at the market.
- Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
- Well, you know, I was a human being before I became a businessman.
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