Forsake search for needles that are so very small in haystacks that are so very large. — Paul Samuelson Copy Share Image
In every mutual fund prospectus, in every sales promotional folder, and in every mutual fund advertisement (albeit in print almost too small… — Paul Samuelson Copy Share Image
This message (that attempting to beat the market is futile) can never be sold on Wall Street because it is in effect… — Paul Samuelson Copy Share Image
Perhaps there really are managers who can outperform the market consistently - logic would suggest that they exist. But they are remarkably… — Paul Samuelson Copy Share Image
First, those who disagree with market efficiency simply assert that it stands to common sense that greater effort to get facts and… — Paul Samuelson Copy Share Image
Suppose it was demonstrated that one out of twenty alcoholics could learn to become a moderate social drinker. The experienced clinician would… — Paul Samuelson Copy Share Image
Even if this advice to portfolio decision makers to drop dead is good advice, it obviously is not counsel that will be… — Paul Samuelson Copy Share Image
The debate can be put in the form of the question: Resolved, that the best of money managers cannot be demonstrated to… — Paul Samuelson Copy Share Image
Still, I figure we shouldn't' discourage fans of actively managed funds. With all their buying and selling, active investors ensure the market… — Paul Samuelson Copy Share Image
Anyone with special abilities earns a differential return on that flair, which we economists call a rent. Those few with extraordinary P.Q.… — Paul Samuelson Copy Share Image
To prove that Wall Street is an early omen of movements still to come in GNP, commentators quote economic studies alleging that… — Paul Samuelson Copy Share Image
There is something in people; you might even call it a little bit of a gambling instinct… I tell people investing should… — Paul Samuelson Copy Share Image
Investing is like waiting for paint dry and grass grow so. If you like fun, let handle 800 USD and headed to… — Paul Samuelson Copy Share Image
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas. — Paul Samuelson Copy Share Image
The recent market run-up that appreciated run-of-the- mill shares also chanced to send up those token gold holdings. Pure luck, undeserved and… — Paul Samuelson Copy Share Image
The sad truth is that it is precisely those who disagree most with the hypothesis of efficient market pricing of stocks, those… — Paul Samuelson Copy Share Image
Even fans of actively managed funds often concede that most other investors would be better off in index funds. But buoyed by… — Paul Samuelson Copy Share Image
Second, they [those who disagree with market efficiency] always claim they know a man, a bank, or a fund that does do… — Paul Samuelson Copy Share Image
The failure of market catallactics in no way denies the following truth: given sufficient knowledge the optimal decisions can always be found… — Paul Samuelson Copy Share Image
Companies are not charitable enterprises: They hire workers to make profits. In the United States, this logic still works. In Europe, it hardly does. — Paul Samuelson Copy Share Image
When the economy was going up, [Milton Friedman and I] both gave the same advice, and when the economy was going down, we gave… — Paul Samuelson Copy Share Image
Our ideal society finds it essential to put a rent on land as a way of maximizing the total consumption available to the society.… — Paul Samuelson Copy Share Image
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… — Paul Samuelson Copy Share Image
Contrary to what many skeptics had earlier believed, the Soviet economy is proof that a socialist command economy can function and even thrive. — Paul Samuelson Copy Share Image
To prove that Wall Street is an early omen of movements still to come in GNP, commentators quote economic studies alleging that market downturns… — Paul Samuelson Copy Share Image
Even if this advice to portfolio decision makers to drop dead is good advice, it obviously is not counsel that will be eagerly followed.… — Paul Samuelson Copy Share Image
Perhaps there really are managers who can outperform the market consistently - logic would suggest that they exist. But they are remarkably well-hidden. — Paul Samuelson Copy Share Image
Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support. — Paul Samuelson Copy Share Image
In every mutual fund prospectus, in every sales promotional folder, and in every mutual fund advertisement (albeit in print almost too small to read),… — Paul Samuelson Copy Share Image
I don't care who writes a nation's laws-or crafts its advanced treaties-if I can write its economics textbooks — Paul Samuelson Copy Share Image
![“Second, they [those who disagree with market efficiency] always claim they know a man, a bank, or a fund that does do better. Alas, anecdotes are not science. And once Wharton School dissertations seek to quantify the performers, these have a tendency to evaporate into the air - or, at least, into…” quote by Paul Samuelson](https://sms4smile.com/quotes/img-quotes/9d4/paul-samuelson-9078_air_second-they-those-who-disagree-with-mark_2644032.jpg)
![“When the economy was going up, [Milton Friedman and I] both gave the same advice, and when the economy was going down, we gave the same advice. But in between he didn't change his advice at all.” quote by Paul Samuelson](https://sms4smile.com/quotes/img-quotes/0e0/paul-samuelson-9078_advice_when-the-economy-was-going-up-milton-fri_107897.jpg)
