“Rough work, iconoclasm, but the only way to get at truth.” -Oliver Wendell Holmes ...
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“Rough work, iconoclasm, but the only way to get at truth.” -Oliver Wendell Holmes ...
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One need not share Arnold Klings view on the particular issue. However, I think one must appreciate the cleverness of his rhetoric. One view of the Japanese stimulus (or multiple stimuli) is that it (they) failed because it was (they were) too small. Just as the reason that in World War I all British...
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Individuals who cannot master their emotions are ill-suited to profit from the investment process.-Benjamin Graham Download article as PDF
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You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right. -Benjamin Graham Download article as PDF
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“The four most dangerous words in investing are ‘This time it’s different.’”-Sir John Templeton Made more dangerous by the fact that occasionally, in some respects, it is. On that thin reed much damage has been done to investors. Download article as PDF
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The word ‘heresy’ not only means no longer being wrong; it practically means being clear-headed and courageous. The word ‘orthodoxy’ not only no longer means being right; it practically means being wrong. -GK Chesterton Download article as PDF
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The real trouble with this world of ours is not that it is an unreasonable world, nor even that it is a reasonable one. The commonest kind of trouble is that it is nearly reasonable, but not quite. Life is not an illogicality; yet it is a trap for logicians. It looks just a...
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Fallacies do not cease to be fallacies because they become fashions. - GK Chesterton Download article as PDF
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The whole world of economics is enormously more complex than the world of physics. And therefore the teaching of business schools, including Yale’s, is unrealistic. Even though economics is a very old subject, it has not truly come to grips with the main difficulty, which is the inordinate practical importance of a few extreme...
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Bottoms in the investment world don’t end with four-year lows; they end with 10- or 15-year lows. -Jim Rogers Download article as PDF
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