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" The building block of every community is family. "

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" 'Inequality' has become the political theme/slogan of our time in both Europe and the U.S., yet political leaders do not even bother to consider that their own policies, which put the entire burden on central bankers to print money and drive up stock, bond and other asset prices, are actually exacerbating income and wealth disparity. "

" In both the U.S. and Europe, the budget and balance sheet numbers do not work. When 'off-balance sheet' promises are taken into account, the U.S. and most countries of the Euro zone are insolvent. "

" It is impossible to understand the financial health of big financial institutions and their potential impact on the market. They don't even understand it themselves. "

" A great deal of stupidity has chipped away at the massive advantages of Western civilization, which could terminally decline if it remains on the current path. But these problems can be solved - and swiftly - if the right leaders emerge. "

" It is a very bad idea for governments to create arbitrary and unfair outcomes, or outcomes resulting from the passions and whims of the government rather than from the law, just because they have the power to do so. "

" Credit ratings and risk weightings must undergo a thorough process of review and revision. No security or instrument on the planet should have a zero risk weighting. "

" What you have in legacy countries is long-term insolvency. "

" What I think about derivatives is if every institution that owns or trades them is properly margined and marked to market, including end-users, including every institution, including sovereigns and multilateral institutions, then the system would be safe - if people were margined the way customers of investment banks are margined. "

" Obviously, the institution of marriage in America has utterly collapsed. "

" Check out London, Manhattan, Aspen and East Hampton real estate prices, as well as high-end art prices, to see what the leading edge of hyperinflation could look like. "

" Successful hedge funds will be entrepreneurial; it is the essence of the craft. "

" I know people who are always freeriders and will never get into a fight. "

" My concern as a citizen and as a money manager is, Oh my God, at what point does a 'whoa' moment happen to these people who own $30 trillion fixed income instruments? "

" The Orderly Liquidation Authority prescribed by Dodd-Frank should be repealed and replaced by an amendment to the U.S. Bankruptcy Code which would operate to prevent cross-default provisions from impacting derivatives books so long as mark-to-market payments are being made in a timely fashion. "

" The world, in terms of choices available to educated, ambitious workers and entrepreneurs, is way bigger than just the United States, Japan and Europe. "

" It's true that monetary policy was too lax for too long, and the government encouraged lending to people who were unlikely to repay their loans. "

" If you want an alternative currency, check out gold. It has stood the test of thousands of years as a store of value and medium of exchange. "

" The starting point of my career in money management in 1973-74 was the time of the only true bear market any living non-Japanese investor has seen in major markets. Equities, real estate, you name it, everyone got run over. "

" I've never let my guard down by saying, 'I don't need to be hedged.' "

" Individual liberty, the basic underpinning of American society, requires constant defense against the encroachment of the state. "

" Imagine how much capital a country like Argentina might attract - if instead of defaulting seriatim and affecting a pose of anger toward creditors, it borrowed responsibly and honored its obligations. "

" There's a feeling among some people that the Republican party is harsh on some things. "

" Resentment is not morally superior to earning money. "

" You have got to welcome and embrace complexity. "

" There is no safe haven in today's markets. "

" Governments need to be authorized to provide 'open bank assistance.' The convolutions of Dodd-Frank aimed at 'avoiding' this tactic are ludicrous and will prove to be extremely costly to the system. "

" In the workplace, employees should be judged on their merit and hard work and not on aspects that are irrelevant to their performance. "

" Derivatives trading should be standardized and as much as possible moved to clearinghouses. "

" Today, even small entities that trade complex instruments or are granted sufficient leverage can threaten the global financial system. "

" There is no more reason to believe that Bitcoin will stand the test of time than that governments will protect the value of government-created money, although Bitcoin is newer, and we always look at babies with hope. "