Financial crises are an unfortunate but necessary consequence of modern capitalism.

Maybe we should teach schoolchildren probability theory and investment risk management.

Great investors need to have the right combination of intuition, business sense and investment talent.

While neurological studies have tried to identify components responsible for fear and greed, the impact on finance is less clear.

Many of us like to think of financial economics as a science, but complex events like the financial crisis suggest that this conceit may be more wishful thinking than reality.

The risks facing hedge funds are non-linear and more complex than those facing traditional asset classessuch risks are currently not widely appreciated or well-understood

My mother died of lung cancer last year. I felt helpless. As an economist, I thought, What can I do?

Labor is getting more expensive and technology is getting cheaper.

Ideas percolate. Through natural selection, the best ones survive.

You don't have to knock anyone off their game to win yours. It doesn’t build you up to tear others down.

Such is the state of life that none are happy but by the anticipation of change. The change itself is nothing. When we have made it the next wish is to change again.

Without the Christian explanation of original sin, the seemingly silly story of Adam and Eve and the tree of the knowledge of good and evil, there was no explanation of conflict. At all.

You don't ever earn a right to stop doing anything if you feel there is an obligation to move in terms of public service.

I do not dislike teaching when the boys behave themselves.

Do you want to live happily? Travel with two bags, one for giving, the other for receiving.

Let the Saints remember that great things depend on their individual exertion, and that they are called to be co-workers with us and the Holy Spirit in accomplishing the great work of the last days

Only a burning patience will lead to the attainment of a splendid happiness.

Standards are declining left and right, and it doesn't matter. It's whatever is necessary to prop up Obama.

What nerve. Not even a modicum of originality.