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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.

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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
ALAN GREENSPAN

Baseball Listen Love Music Olf Play Redskin Root Tennis
There is no evidence that the business cycle has been repealed.
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Business Cycle Evidence Repeat
Gold stands in the way of this insidious process. It stands as a protector of property rights.
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Gold Insidious Process Property Protector Right Stand Way
At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable.
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I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.
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The tub helps me relax, and it’s a great place to read.
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I have one other issue I’d like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here.
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If I’ve made myself clear, I’ve misspoken.
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The free lunch has still to be invented.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity are in a state of shocked disbelief.
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Significantly opening up immigration to skilled workers solves two problems.
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Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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Gold still represents the ultimate form of payment in the world.
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I’ve been in and out of Wall Street since 1949, and I’ve never seen the type of animosity between government and Wall Street. And I’m not sure where it comes from, but I suspect it’s got to do with a general schism in this society which is really becoming ever more destructive.
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Animosity Between Descriptive E Even Government More Out Since Street Suspect Type Wall

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