“The worst mistakes include not understanding other people as much as you might.”— Warren Buffett, youtube.com
“I think it's enjoyable to think about business or investment problems. They're easy. It's the human problems that are the tough ones. There's almost always a good answer with the money.”— Warren Buffett, youtube.com
“The chains of habit are too light to be felt until they're too heavy to be broken.”— Warren Buffett, youtube.com
“He believed very much in having an inner scorecard and never worrying about what people thought about you.”— Warren Buffett, youtube.com
“I wanted to put on the walls, days of extreme panic in Wall Street. Just as a reminder that anything can happen in this world. Its instructive art.”— Warren Buffett, youtube.com
“There are more people that buy digital clothing than there are people who buy and sell crypto currencies. Its a giant market.”— Michael Novogratz, youtube.com
“The decentralized revolution, which Bitcoin has remained the poster child of, is a response to the breakdown of trust.”— Michael Novogratz, youtube.com
“On the other hand, when I step back I'm like wait a minute, the whole market cap of all the cryptos is $300 billion dollars. That's nothing. The NASDAQ at its high in the 1999 bubble was $6 trillion.”— Michael Novogratz, cnbc.com
“It may lead to an equilibrium where the participant's views come to corrospend to the actual state of affairs.”— George Soros, youtube.com
“The main source of difficulty is that participants are part of the situation they have to deal with. Confronted by reality of extereme complexity we are ablyged to various methods of simplification. Generalizations, metaphors, moral precepts to mention a few.”— George Soros, youtube.com
“These distorted views can influence the situation to which they inflate. Because false views lead to inappropriate actions. That's the principle of reflexivity.”— George Soros, youtube.com
“My conceptual framework enabled me to both anticipate the prices and deal with it when it finally struck. It has also enabled me to explain and predict events better than others.”— George Soros, youtube.com
“2008, we are repeating it. It was a time of a financial crisis and a bear market. And you have the same condition today. But the source of the equilibreum is different. In 2008, the root cause was subprime crisis in America. Now the root cause is basically China.”— George Soros, youtube.com
“Yale, Columbia, and Harvard are responsible for managing tens of billions of dollars and you can learn a thing or two on how they manage risk. Proof positive is Yale's outstanding performance - the college endowment earned over 20% during their fiscal year 2014, and what's more impressive is they ma…”— Rob Russell, forbes.com
“What they didn't really notice is that as they kept making money every single year, the leverage of their various institutions was increasing every single year. They thought they were making more money because of them. But really what was happening is they were making more money because their instit…”— Steve Eisman, youtube.com
“We'll make loans to people we didn't make loans to before. Rather than get incomes up they let people lend to themselves.”— Steve Eisman, youtube.com
“Let me explain that because its not intuitively obvious how the two are connected. My thesis is that one of the underline causes of the financial crisis was dead income distribution.”— Steve Eisman, youtube.com
“No, I didn't expect that it would happen that quickly. A lot of that is the fact that the government back stopped the system.”— Steve Eisman, youtube.com