Anyone With Special Abilities Earns A Differential

Reasonable Men Are Not Reasonable When You're In The Bubbles Which Have Characterized Capitalism Since The Beginning Of Time.

Profits Are The Lifeblood Of The Economic System, The Magic Elixir Upon Which Progress And All Good Things Depend Ultimately. But One Man's Lifeblood Is Another Man's Cancer.

I Spent The Four Years I Was An Undergraduate Working On The Beach. And It Wasn't Because I Was Lazy; It Was Because My Freshman Class Would Go To A Hundred Different Employers And Wouldn't Get A Nibble.

I Couldn't Reconcile What I Was Being Taught At The University Of Chicago, The Lectures And The Books I Was Being Assigned, With What I Knew To Be True Out In The Streets.

Even Fans Of Actively Managed Funds Often Concede That Most Other Investors Would Be Better Off In Index Funds. But Buoyed By Abundant Self-confidence, These Folks Aren't About To Give Up On Actively Managed Funds Themselves. A Tad Delusional? I Think So. Picking The Best-performing Funds Is 'like Trying To Predict The Dice Before You Roll Them Down The Craps Table,' Says An Investment Adviser In Boca Raton, Fl. 'i Can't Do It. The Public Can't Do It.'