Economists Have Much To Be Humble About.

There Is Something In People; You Might Even Call It A Little Bit Of A Gambling Instinct… I Tell People Investing Should Be Dull. It Shouldn't Be Exciting. Investing Should Be More Like Watching Paint Dry Or Watching Grass Grow. If You Want Excitement, Take $800 And Go To Las Vegas.

Perhaps There Really Are Managers Who Can Outperform The Market Consistently - Logic Would Suggest That They Exist. But They Are Remarkably Well-hidden.

Sooner Or Later The Internet Will Become Profitable. It's An Old Story Played Before By Canals, Railroads And Automobiles.

Mea Culpa, Mea Culpa. Mit And Wharton And University Of Chicago Created The Financial Engineering Instruments, Which, Like Samson And Delilah, Blinded Every Ceo. They Didn't Realize The Kind Of Leverage They Were Doing And They Didn't Understand When They Were Really Creating A Real Profit Or A Fictitious One.

But The Trouble Is That He [alan Greenspan] Had Been An Ayn Rander. You Can Take The Boy Out Of The Cult But You Can't Take The Cult Out Of The Boy.