The sad truth is that it is precisely those who disagree most with the hypothesis of efficient market pricing of stocks, those who pooh-pooh beta analysis and all that, who are least able to understand the analysis needed to test that hypothesis.
Good questions outrank easy answers. - Paul Samuelson
Good questions outrank easy answers.
- Paul Samuelson
The stock market has predicted nine of the last five recessions. - Paul Samuelson
The stock market has predicted nine of the last five recessions.
Economics never was a dismal science. It should be a realistic science. - Paul Samuelson
Economics never was a dismal science. It should be a realistic science.
I don't care who writes a nation's laws - or crafts its advanced treaties - if I can write its economics textbooks. - Paul Samuelson
I don't care who writes a nation's laws - or crafts its advanced treaties - if I can write its economics textbooks.
First, those who disagree with market efficiency simply assert that it stands to common sense that greater effort to get facts and greater acumen in … - Paul Samuelson
First, those who disagree with market efficiency simply assert that it stands to common sense that greater effort to get facts and greater acumen in …
What we know about the global financial crisis is that we don't know very much. - Paul Samuelson
What we know about the global financial crisis is that we don't know very much.
Even fans of actively managed funds often concede that most other investors would be better off in index funds. But buoyed by abundant self-confidenc… - Paul Samuelson
Even fans of actively managed funds often concede that most other investors would be better off in index funds. But buoyed by abundant self-confidenc…
Every good cause is worth some inefficiency. - Paul Samuelson
Every good cause is worth some inefficiency.
Politicians like to tell people what they want to hear - and what they want to hear is what won't happen. - Paul Samuelson
Politicians like to tell people what they want to hear - and what they want to hear is what won't happen.
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