PATRICK BOYLE

Most financial innovation is just old leverage in a new wrapper.

The best hedge against bad investments is understanding what you actually own.

Every financial crisis looks obvious in hindsight. At the time, everyone involved thought they were being clever.

If someone promises you guaranteed returns, the only guaranteed thing is that you're about to lose money.

The more complicated a financial product sounds, the more someone is making money from your confusion.

I've spent decades in hedge funds. The main thing I learned is that most people in finance are wrong most of the time.