Ads Place 1222

Background Image

Second, They [those Who Disagree With Market Efficiency] Always Claim They Know A Man, A Bank, Or A Fund That Does Do Better. Alas, Anecdotes Are Not Science. And Once Wharton School Dissertations Seek To Quantify The Performers, These Have A Tendency To Evaporate Into The Air - Or, At Least, Into Statistically Insignificant T-statistics.

-Paul Samuelson

Please Wait....
Translating....

Second, They [those Who Disagree With Market

Second, They [those Who Disagree With Market Efficiency] Always Claim They Know A Man, A Bank, Or A Fund That Does Do Better. Alas, Anecdotes Are Not Science. And Once Wharton School Dissertations Seek To Quantify The Performers, These Have A Tendency To Evaporate Into The Air - Or, At Least, Into Statistically Insignificant T-statistics.

Views: 5

Topic

More From Paul Samuelson

The Consumer, So It Is Said, Is The King Each Is A Voter Who Uses His Money As Votes To Get The Things Done That He Wants Done.

The Niceties Of Existence Were Not A Matter Of Concern, Yet Everything Around Was Closed Down Most Of The Time. If You Lived In A Middle-class Community In Chicago, Children And Adults Came Daily To The Door Saying, 'we Are Starving, How About A Potato?' I Speak From Poignant Memory.

In This Age Of Specialization, I Sometimes Think Of Myself As The Last 'generalist' In Economics, With Interests That Range From Mathematical Economics Down To Current Financial Journalism. My Real Interests Are Research And Teaching.

We're A Me-me-me Generation. We're Borrowing The Savings Of Every Nation In The World. We're ... Piling Up A Big Tab. Now, I May Think We're Too Big To Have A Run On Us. You May Think That. But It's Possible That God Does Not.

The Problem Is No Longer That With Every Pair Of Hands That Comes Into The World There Comes A Hungry Stomach. Rather It Is That, Attached To Those Hands Are Sharp Elbows.

Ads Place 3

Ads Place 2

Trending Author

Alan Jay Lerner

Category

Ads Place 4

Ads Place 5