Michael Jensen famous quotes

Last updated: Sep 5, 2024

There is no other proposition in economics that has more solid empirical evidence supporting it than the Efficient Market Hypothesis... In the literature of finance, accounting, and the economics of uncertainty, the EMH is accepted as a fact of life.
-- Michael Jensen

#Investing #Literature #Facts
Very little evidence was found that any individual fund was able to do significantly better than that which we expected from mere random chance.
-- Michael Jensen

#Investing #Random Chance #Littles
It is difficult to systematically beat the market. But it is not difficult to systematically throw money down a rat hole by generating commissions and other costs.
-- Michael Jensen

#Cost #Investing #Rats

I have never known much good done by those who affected to trade for the public good.
The best approach here if at all possible is to use supervisory and regulatory methods to restrain undue risk-taking and to make sure the system is resilient in case an asset price bubble bursts in the future.
If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would buy perfume.
For children preserve the fame of a man after his death.
You know, you look at the chaos in the conservative camp right now, it's only too tempting to blame it all on pot. But in fact, the Reagan revolution owes a lot to Reefer. For one thing, it's made the symptoms of senility socially acceptable.
I take it, therefore, to be a fact, that one's existence ends with death. I think it possible to show how this fact can be emotionally acceptable.
I hope my recordings of my own works won't inhibit other people's performances. The brutal fact is that one doesn't always get the exact tempo one wants, although one improves with experience.
I dared not trust the case on the presumption that the court knows everything. In fact, I argued it on the presumption that the court didn't know anything.
I have neither time nor disposition to enter into discussion with the Friend, and end this occasion by suggesting for her consideration the question whether, if it be true that the Lord has appointed me to do the work she has indicated, it is not probable that he would have communicated knowledge of the fact to me as well as to her.
The receptivity of the masses is very limited, their intelligence is small, but their power of forgetting is enormous. In consequence of these facts, all effective propaganda must be limited to a very few points and must harp on these in slogans until the last member of the public understands what you want him to understand by your slogan.

Michael Jensen famous quotes

You may also like: