What We Know About The Global Financial

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.

That's What I Would Like To Do Until The End Of Time, To Go On Scribbling My Articles On The Third Floor Of The Sloan Building, In Between Playing Tennis And Drinking Coffee At My Other Study In The Concord Avenue Branch Of Burger King.

Suppose It Was Demonstrated That One Out Of Twenty Alcoholics Could Learn To Become A Moderate Social Drinker. The Experienced Clinician Would Answer, 'even If True, Act As If It Were False, For You Will Never Identify That One In Twenty, And In The Attempt Five In Twenty Will Be Ruined.' Investors Should Forsake The Search For Such Tiny Needles In Huge Haystacks.

Perhaps There Really Are Managers Who Can Outperform The Market Consistently - Logic Would Suggest That They Exist. But They Are Remarkably Well-hidden.

I Spent The Four Years I Was An Undergraduate Working On The Beach. And It Wasn't Because I Was Lazy; It Was Because My Freshman Class Would Go To A Hundred Different Employers And Wouldn't Get A Nibble.