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The paper is perhaps 5 per cent empirical information and 95 per cent speculation, some of it possibly tainted by wishful thinking.
Simon Kuznets
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My perfect day is sitting in a room with some blank paper. That's heaven. That's gold, and anything else is just a waste of time.
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So everybody has some information. The function of the markets is to aggregate that information, evaluate it, and get it incorporated into prices.
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His faith, perhaps, in some nice tenets might Be wrong; his life, I'm sure, was in the right.
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