Perhaps There Really Are Managers Who Can

In Every Mutual Fund Prospectus, In Every Sales Promotional Folder, And In Every Mutual Fund Advertisement (albeit In Print Almost Too Small To Read), The Following Warning Appears: "past Performance Is No Guarantee Of Future Results."

Mea Culpa, Mea Culpa. Mit And Wharton And University Of Chicago Created The Financial Engineering Instruments, Which, Like Samson And Delilah, Blinded Every Ceo. They Didn't Realize The Kind Of Leverage They Were Doing And They Didn't Understand When They Were Really Creating A Real Profit Or A Fictitious One.

Asia's Governments Come In Two Broad Varieties: Young, Fragile Democracies - And Older, Fragile Authoritarian Regimes.

An Intriguing Paradox Of The 1990s Is That It Isn't Called A Decade Of Greed.

A Growing Nation Is The Greatest Ponzi Game Ever Contrived.