If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
Regulators have not been able to achieve the level of future clarity required to act pre-emptively. The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so...
How do we know when irrational exuberance has unduly escalated asset values?
I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
Whatever you tax you get less of.
Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making.
Indeed, better risk management may be the only truly necessary element of success in banking.
It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
Greenspan, who knew so much more than most, knew far less than most supposed...
To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.
I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
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.
Anything that we can do to raise personal savings is very much in the interest of this country.
History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
I’m not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
Before I met Ayn Rand, I was a logical positivist, and accordingly, I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.