Economists Have Much To Be Humble About.

Investing Is Like Waiting For Paint Dry And Grass Grow So. If You Like Fun, Let Handle 800 Usd And Headed To Las Vegas

The Debate Can Be Put In The Form Of The Question: Resolved, That The Best Of Money Managers Cannot Be Demonstrated To Be Able To Deliver The Goods Of Superior Portfolio-selection Performance. Any Jury That Reviews The Evidence, And There Is A Great Deal Of Relevant Evidence, Must At Least Come Out With The Scottish Verdict: Superior Investment Performance Is Unproved.

This Message (that Attempting To Beat The Market Is Futile) Can Never Be Sold On Wall Street Because It Is In Effect Telling Stock Analysts To Drop Dead.

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.