I'm Not Sure Most Of The People

Companies Are Not Charitable Enterprises: They Hire Workers To Make Profits. In The United States, This Logic Still Works. In Europe, It Hardly Does.

Suppose It Was Demonstrated That One Out Of Twenty Alcoholics Could Learn To Become A Moderate Social Drinker. The Experienced Clinician Would Answer, 'even If True, Act As If It Were False, For You Will Never Identify That One In Twenty, And In The Attempt Five In Twenty Will Be Ruined.' Investors Should Forsake The Search For Such Tiny Needles In Huge Haystacks.

Two-thirds Of A Century After [the Road To Serfdom] Got Written, Hindsight Confirms How Inaccurate Its Innuendo About The Future Turned Out To Be.

In Every Mutual Fund Prospectus, In Every Sales Promotional Folder, And In Every Mutual Fund Advertisement (albeit In Print Almost Too Small To Read), The Following Warning Appears: "past Performance Is No Guarantee Of Future Results."

The Stock Market Has Predicted Nine Of The Last Five Recessions.