Contrary To What Many Skeptics Had Earlier

When The Economy Was Going Up, [milton Friedman And I] Both Gave The Same Advice, And When The Economy Was Going Down, We Gave The Same Advice. But In Between He Didn't Change His Advice At All.

It Is Not Easy To Get Rich In Las Vegas, At Churchill Downs, Or At The Local Merrill Lynch Office.

Asia's Governments Come In Two Broad Varieties: Young, Fragile Democracies - And Older, Fragile Authoritarian Regimes.

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.

I Spent The Four Years I Was An Undergraduate Working On The Beach. And It Wasn't Because I Was Lazy; It Was Because My Freshman Class Would Go To A Hundred Different Employers And Wouldn't Get A Nibble.