Let Those Who Will Write The Nation's

The Growth Of A Nation's Productive Potential Is The Central Factor In Determining Its Growth In Real Wages And Living Standards.... High Rates Of Investment And Saving Usually Have A Big Payoff In Promoting Economic Growth.

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.

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.

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

Forsake Search For Needles That Are So Very Small In Haystacks That Are So Very Large.