It Is Not Easy To Get Rich

Politicians Like To Tell People What They Want To Hear - And What They Want To Hear Is What Won't Happen.

We Are Like Highly Trained Athletes, Who Never Run A Race.

Self-deception Ultimately Explains Japan's Plight. The Japanese Have Never Accepted That Change Is In Their Interest - And Not Merely A Response To U.s. Criticism.

Econometrics May Be Defined As The Quantitative Analysis Of Actual Economic Phenomena Based On The Concurrent Development Of Theory And Observation, Related By Appropriate Methods Of Inference.

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.'