Every Side Of A Coin Has Another

My Career In Academic Research Has Not Been Involved With Active Management Of Securities. I've Tried To Understand Risk-and-return Relationships; Also The Pricing Of Derivative Securities.

All Models Have Faults - That Doesnt Mean You Cant Use Them As Tools For Making Decisions.

If We Internationalize Everything, We End Up With Rules That Stifle Freedom And Innovation.

If Someone Says To You, Go To An Old-folks Home, Thats Kind Of Ridiculous, Because A Lot Of Old People Are Doing Terrific Things For Society.

Every Side Of A Coin Has Another Side.