"In general, 'the market' is smarter than the smartest of its individual participants."

--

Source : Robert L. Bartley (1992). “The Seven Fat Years: And How to Do It Again”, Free Press

Robert L. Bartley

#Individual Quotes

“For 50 years bike racers have been taking stimulants. Obviously we can do without them in a race, but then we will pedal 15 miles an hour (instead of 25). Since we are constantly asked to go faster and to make even greater efforts, we are obliged to take stimulants”
“I am bound to add that the excess in too little has ever proved in me more dangerous than the excess in too much; the last may cause indigestion, but the first causes death.”
“If you don't recount your family history, it will be lost. Honor your own stories and tell them too. The tales may not seem very important, but they are what binds families and makes each of us who we are.”
“The American Constitution is the greatest governing document, and at some 7,000 words, just about the shortest.”
“Outside the Weirwall, Jack could hear the thud of bodies colliding and the cries of the wounded. It seemed like a lot of noise. Even given the fact that Ellen was involved. "Why'd she go out there?" Jack demanded. "Why didn't you stop her?" Brooks spat on the ground. "Have you ever tried to stop Captain Stephenson from anythin'?”
“This felt right. Not just leaving, but how I was doing it. Without regret, without second guessing. And with Wes right there, holding the door open for me as I walked out into the light.”
“I think the Ambitious Lovers never got their due- we had terrible management and at that point, we were on major labels and we didn't have any music business savvy which we could have used. We made a series of hilarious mistakes not in terms of music but in terms of making it happen.”
“I met Marx, Lenin, Trotsky, Engels and Mao when I entered prison and they redeemed me.”

Source : George Jackson (1970). “Soledad Brother: The Prison Letters of George Jackson”, Chicago Review Press

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