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President Obama’s biggest weakness is weakness.

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Niall Ferguson

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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.

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As a financial historian, I was quite isolated in Oxford – British historians are supposed to write about kings – so the quality of intellectual life in my field is much higher at Harvard. The students work harder there.

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May 19, 2024

As a financial historian, I was quite isolated in Oxford – British historians are supposed to write about kings – so the quality of intellectual life in my field is much higher at Harvard. The students work harder there.

Previous

May 19, 2024

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.

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