A Quote by Eugene Fama
People are always saying that prices are too high. When they turn out to be right, we anoint them. When they turn out to be wrong, we ignore them. They are typically right and wrong about half the time.
Related Quotes
There's nothing "wrong" with anything. "Wrong" is a relative term, indicating the opposite of that which you call "right." Yet, what is "right"? Can you be truly objective in these matters? Or are "right" and "wrong" simply descriptions overlaid on events and circumstances by you, out of your decision about them?
I've learned when to get out. I've never wasted too much time with the wrong person, and that's one thing I'm proud of. The longer you're with the wrong person, you could be completely overlooking or not having the chance to meet the right person. And if it doesn't feel right, it isn't right. How do you know if something feels right? I think the great defining factor for me is whether I want more. When they drive away, do I wish they would turn around at the end of the street and come back? Or am I fine that they're going home?
The fact remains that getting people right is not what living is all about anyway. It's getting them wrong that is living, getting them wrong and wrong and wrong and then, on careful reconsideration, getting them wrong again. That's how we know we're alive: we're wrong.
I am being very humble about the Arab Spring. There's kind of a competition out there, you might have noticed, of who can be the first to say the Arab Spring is going to fail. Everyone says, "I told you so, I told you so about the Muslim Brotherhood." I have no desire to tell anyone anything. I don't know. I'm just listening, watching. It may turn out all these people are right, they may be wrong. They may be right this year and wrong next year, by the way. I'm just trying to listen day to day, figure it out.
The problem, of course, was that people did not seem to understand the difference between right and wrong. They needed to be reminded about this, because if you left it to them to work out for themselves, they would never bother. They would just find out what was best for them, and then they would call that the right thing. That's how most people thought.
If you want more people to come to the theatre, don't put the prices at £50. You have to make theatre inclusive, and at the moment the prices are exclusive. Putting TV stars in plays just to get people in is wrong. You have to have the right people in the right parts. Stunt casting and being gimmicky does the theatre a great disservice. You have to lure people by getting them excited about a theatrical experience.
Don't let your fears become boxes that enclose you. Open them out, feel them and turn them into the greatest courage you are capable of. I promise you, nothing will go wrong. But if you live by your fears, everything that can possibly go wrong will go wrong and you won't even have done the 'Funky Chicken'.
If somebody is going in the wrong direction, behavioral coaching just helps them get there faster. It doesn't turn the wrong direction into the right direction.
We know that every father has a personal responsibility to do right by their kids - to encourage them to turn off the video games and pick up a book; to teach them the difference between right and wrong; to show them through our own example the value in treating one another as we wish to be treated. And most of all, to play an active and engaged role in their lives.
No one was to blame for what happened, but that does not make it any less difficult to accept. It was all a matter of missed connections, bad timing, blundering in the dark. We were always in the right place at the wrong time, the wrong place at the right time, always just missing each other, always just a few inches from figuring the whole thing out. That's what the story boils down to, I think. A series of lost chances. All the pieces were there from the beginning, but no one knew how to put them together.
When I was 16 I started keeping a diary in which I recorded my disagreements with the famous philosophers. I didn't insist that they were wrong, that I was right and I had to prevail. I just agreed and disagreed with them. I thought there was a high degree of probability that I was right and some other thinkers were wrong. But I wasn't positive about it.
I am right. I`m always right. One time I thought I was wrong, I found out I was right.
They are not asking you in there for them to learn, contrary to what they're saying. That's not what leftists do. They're not asking you to come in and teach them anything. They want to browbeat you. They want to find out why you're so stupid. They want to find out what you're missing. They want to find out why their brilliance is not reaching and connecting to you. They don't think there's anything wrong with them. What's wrong is their reader base, and they want to figure out what's wrong with you.
There are so many ways and different people who show up and vote now. The way turnout works now. The abilities we have now to turn out voters. The polling can't understand that. And that's why the polling was so wrong in 2016. It was 100% wrong. Nobody got it right - not one public poll.
The Senator from Wisconsin cannot frighten me by exclaiming, My country, right or wrong. In one sense I say so too. My country; and my country is the great American Republic. My country, right or wrong; if right, to be kept right; and if wrong, to be set right.
The toughest are people mistakes, when you put the wrong person in a job. Sometimes you're too slow to move them out. Or not getting the right people involved to solve a problem, or doing something out of anger; you learn, just don't do that. But I'd have to say the Whale was one of them, and I would also have to put Bear Stearns and Washington Mutual on the list at this point.
Related Authors
Adam Smith Quotes
Scottish
Economist
Alan Greenspan Quotes
American
Economist
Benjamin Graham Quotes
American
Economist
Friedrich August von Hayek Quotes
Austrian
Economist
John Kenneth Galbraith Quotes
American
Economist
John Maynard Keynes Quotes
English
Economist
Joseph Stiglitz Quotes
American
Economist
Ludwig von Mises Quotes
Austrian
Economist
Milton Friedman Quotes
American
Economist
Muhammad Yunus Quotes
Bangladeshi
Economist
Murray Rothbard Quotes
American
Economist
Paul Krugman Quotes
American
Economist
Richard Thaler Quotes
American
Economist
Robert Reich Quotes
American
Economist
Thomas Sowell Quotes
American
Economist
Walter E. Williams Quotes
American
Economist