An intriguing paradox of the 1990s is that it isn't called a decade of greed.

Two-thirds of a century after [The Road to Serfdom] got written, hindsight confirms how inaccurate its innuendo about the future turned out to be.

Perhaps there really are managers who can outperform the market consistently - logic would suggest that they exist. But they are remarkably well-hidden.

Funeral by funeral, theory advances.

Macroeconomics, even with all of our computers and with all of our information - is not an exact science and is incapable of being an exact science.

It is not easy to get rich in Las Vegas, at Churchill Downs, or at the local Merrill Lynch office.

Reasonable men are not reasonable when you're in the bubbles which have characterized capitalism since the beginning of time.