There Are No Easy Choices. Easy Choices

The Probability Of Ten Consecutive Heads Is 0.1 Percent; Thus, When You Have Millions Of Coin Tossers, Or Investors, In The End There Will Be Thousands Of Very Successful Practitioners Of Coin Tossing, Or Stock Picking.

The Economy Is Turning, And Credit Comes In With A Lag, .. To The Extent That A Number Of Small Firms Are Finding It Difficult To Get The Credit They Need At A Price They Can Afford, That's Likely To Change For The Better.

I've Always Argued That This Country Has Benefited Immensely From The Fact That We Draw People From All Over The World.

I've Been In And Out Of Wall Street Since 1949, And I've Never Seen The Type Of Animosity Between Government And Wall Street. And I'm Not Sure Where It Comes From, But I Suspect It's Got To Do With A General Schism In This Society Which Is Really Becoming Ever More Destructive.

By Far The Most Significant Event In Finance During The Past Decade Has Been The Extraordinary Development And Expansion Of Financial Derivatives.