"The Fed's first duty is to prevent the financial system from collapsing. It's shown it can do that, and the markets are breathing a sigh of relief. But we can't avoid the fallout in the real economy. We're facing not only recession but also inflation and a flight from the dollar. To fight recession, the Fed needs to increase the money supply, but that only makes the dollar weaker and inflation worse. That's why I think this crisis is so serious. The Fed's power to intervene is limited."
"It's important in life and in investing always to question yourself. Understand that you may be wrong, especially when you believe too firmly that you're right."
His critical views on things probably helps him become a great speculator.
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