I Called Gold The Ultimate Bubble, Which

In Politics, Manipulating Reality Can Take Presidence Over Finding Reality.

I Rely A Great Deal On Animal Instincts.

I'm Not Doing My Philanthropic Work Out Of Any Kind Of Guilt, Or Any Need To Create Good Public Relations. I'm Doing It Because I Can Afford To Do It, And I Believe In It.

Whenever There Is A Conflict Between Universal Principles And Self-interest, Self-interest Is Likely To Prevail.

However, You Have To Recognize That Regulations Will Never Be Completely Successful And They Will Always Be Full Of Holes. You Must Constantly Be Ready To Fill New Holes. Actually Regulation Should Be Kept To A Minimum, But There Has To Be Some Cooperation Between Market Participants And Authorities - As Was The Case In The Early Postwar Years. The Bank Of England Was A Very Successful Regulator By Cooperating With Market Participants. This Cooperative Spirit Was Broken By The Market Fundamentalists.