Man Does Not Live By

There Is Something In People; You Might Even Call It A Little Bit Of A Gambling Instinct… I Tell People Investing Should Be Dull. It Shouldn't Be Exciting. Investing Should Be More Like Watching Paint Dry Or Watching Grass Grow. If You Want Excitement, Take $800 And Go 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.

Anyone With Special Abilities Earns A Differential Return On That Flair, Which We Economists Call A Rent. Those Few With Extraordinary P.q. (performance Quotient) Will Not Give Away Such Rent To The Ford Foundation Or The Local Bank Trust Department. They Have Too High An I.q. For That.

Reasonable Men Are Not Reasonable When You're In The Bubbles Which Have Characterized Capitalism Since The Beginning Of Time.

For Better Or Worse, Us Keynesianism Was So Far Ahead Of Where It Started. I Am A Cafeteria Keynesian. You Know What A Cafeteria Catholic Is?