A Quote by Lawrence R. Klein
An early fascination with higher mathematics at the university level blossomed into speculative thinking that could provide a basis for dealing with economic issues.
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Mathematics is ordinarily considered as producing precise and dependable results; but in the stock market the more elaborate and abstruse the mathematics the more uncertain and speculative are the conclusions we draw there from. Whenever calculus is brought in, or higher algebra, you could take it as a warning that the operator was trying to substitute theory for experience, and usually also to give to speculation the deceptive guise of investment.
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