A Quote by Niall Ferguson
What's so seductive about the efficient markets hypothesis is that it applies nine years out of ten. A lot of the time it works. But when it stops working, you blow up.
Related Quotes
To become a chess grandmaster also seems to take about ten years. (Only the legendary Bobby Fisher got to that elite level in less than that amount of time: it took him nine years.) And what's ten years? Well, it's roughly how long it takes to put in ten thousand hours of hard practice. Ten thousand hours is the magic number of greatness.
Nine out of ten Americans believe that out of ten people, one person will always disagree with the other nine!
You've got to kill the terrorists before the killing stops and I am for the President - chase them all over the world, if it takes ten years, blow them all away in the name of the Lord.
My kids, they're like nine or ten years old right now so you give 'em responsibilities just to keep them up on things. It ain't just all about getting on the skateboard or putting your Heelys on, and swimming in the pool all the time. You gotta do stuff like wash dishes, take the trash out, feed the dog.
The average development time for a Hollywood movie is nine years. Nine years for a studio film. And a lot of what you do is abstract.
The interests of the employers and the employed are the same nine times out of ten-I will even say ninety-nine times out of ten.
I like to do from racing my radio control cars to doing work at the zoo to poems to the TV show. There are a lot of things that I like to involve myself with, but I have a pretty packed schedule nine times out of ten. I have a good sense of working things in at the same time so that I can get all my hobbies in line.
We drank quite a lot and Tony Harrington said, "We're thinking of starting a record label at The Wire; how about you do a solo record?" I said, "Well, how am I going to do that?" I thought about it, and I'd been working on a lot of music in the years before, and I was working as a journalist, full time, really, up until that point; in whatever little spare time I had, I was working on music. So I said yes.
It's funny how it usually works out that I end up dying. It sort of works out, because by the time I die, I'm usually tired of working on that particular movie, so I look forward to it.
I mean the whole economy just comes to a grinding halt. Competence in markets and in institutions, it's a lot like oxygen. When you have it, you don't even think about it. Indispensable. You can go years without thinking about it. When it's gone for five minutes, it's the only thing you think about. And the oxygen has been sucked out of the credit markets.
Although efficient markets people still go around saying there is a "mountain" of evidence supporting their hypothesis, the truth of the matter is that it's a very old mountain that's now eroding rapidly into the sea.
It turns out I had this huge geeky safety net out there that I didn’t know about this whole time, made up of people who have been reading my comic for nine years but never contacted me.
My memories of being nine or ten years old are especially vivid, since this is the time when you have a real sense of who you are - before the self-conscious preteen years start.
Pride is great up to the point you begin to throw out the baby with the bathwater. The rule of Satanism is: if it works for you, great. When it stops working for you, when you've painted yourself into a corner and the only way out is to say, I'm sorry, I made a mistake, I wish we could compromise somehow, then do it.
I believe in instinct, not reason. When reason is right, nine times out of ten it is impotent, and when it prevails, nine times out of ten it is wrong.
Nine out of ten businesses fail; so I came up with a foolproof plan - create ten businesses.
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