I've heard that Soros, among others, cautioned you against the Thai investment. Why didn't you listen to the naysayers?
Well, Soros would be the first to tell you that his predictions are completely random. He never says anything that doesn't jibe with his current position or his hoped-for outcome. And he's chronically bearish. He's chronically thinking that the world needs a central planner to put it to rights and that the market itself is too prone to disaster.
I think a much better view is that the stock market never rises unless there's a wall of fear it has to climb. When the public is most frightened, only the strong are left, and that's when the market is in the best possible hands. I call it taking out the canes. Whenever disaster strikes, the very sagacious wealthy people take their canes, and they hobble down from their stately mansions on Fifth Avenue, and they buy stocks to the extent of their bank balances, and then a week or two later, the market rises, they deposit the overplus in their accounts, invest it in blue-chip real estate, and retire back to their stately mansions. That's probably the best way of making money, to be a specialist in panics. Whenever there's panic hanging in the air, that's a great time to invest.