Quotes of All Topics . Occasions . Authors
If you keep saying things are going to be bad, you have a good chance of being a prophet.
Most of us regard good luck as our right, and bad luck as a betrayal of that right.
If you keep on saying things are going to be bad, you have a good chance of being a prophet.
There are a lot of places you can play quarterback and you won't know. You won't know if you're good or bad because there's just not a chance to find out.
Nobody could have predicted the effect of John Bonham's drum introduction on 'Good Times, Bad Times,' because no matter what he'd played in before, he'd never had the chance to flex his muscles and play like John Bonham.
The problem that people don't understand is that active managers, almost by definition, have to be poorly diversified. Otherwise, they're not really active. They have to make bets. What that means is there's a huge dispersion of outcomes that are totally consistent with just chance. There's no skill involved it. It's just good luck or bad luck.
