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Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.

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Among Configuration Market Occasionally Price Priest Some Succeed

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Marilyn Monroe Paulo Coelho Abraham Lincoln C. S. Lewis Khalil Gibran Charlie Chaplin Gautama Buddha Isaac Newton

We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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I’m a plain soap kind of guy.
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This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets.
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But rules cannot substitute for character.
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If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
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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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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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Always Debt Default Money Print Probability States United
Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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What an ideology is is a conceptual framework with the way people deal with reality.
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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
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It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.
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Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
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Apart Contagion Critical Fall Intellectual Phenomenon Shock Sort
This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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Aftermath History Period Premium Protract Reason Risk

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