DEAR Uncle Sam, My mother told me to send thank-you notes promptly. I’ve been remiss. ... People will second-guess your specific decisions; you can always count on that. But just as there is a fog of war, there is a fog of panic — and, overall, your actions were remarkably effective. I don’t know precisely how you orchestrated these. But I did have a pretty good seat as events unfolded, and I would like to commend a few of your troops. In the darkest of days, Ben Bernanke, Hank Paulson, Tim Geithner and Sheila Bair grasped the gravity of the situation and acted with courage and dispatch. And though I never voted for George W. Bush, I give him great credit for leading, even as Congress postured and squabbled. --Warren Buffett
... when a large chunk of the latest crop of freshly minted [Harvard] MBAs decamps Cambridge for Manhattan — look out below!--Daniel Gross
Originally from the pit at Tradesports(TM) (RIP 2008) ... on trading, risk, economics, politics, policy, sports, culture, entertainment, and whatever else might increase awareness, interest and liquidity of prediction markets
Wednesday, November 17, 2010
Quotes of the day
Labels:
academia,
correlation,
economic policy,
quotes,
risk,
Wall Street
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