“A market is the combined behavior of thousands of people responding to information, misinformation and whim.”
~ Kenneth Chang
“Ask five economists and you’ll get five different answers (six if one went to Harvard).”
~ Edgar R. Fiedler
“Economics is extremely useful as a form of employment for economists.”
~ John Kenneth Galbraith
“A study of economics usually reveals that the best time to buy anything is last year.”
~ Marty Allen
“The First Law of Economics: For every economist, there exists an equal and opposite economist. The Second Law of Economics: They’re both wrong.”
~ Anonymous
“The only function of economic forecasting is to make astrology look respectable.”
~ John Kenneth Galbraith
“Wall Street indices predicted nine out of the last five recessions!”
~ Paul Samuelson
“If all the economists were laid end to end, they’d never reach a conclusion.”
~ George Bernard Shaw
“We’ve long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.”
~ Warren Buffett
“I think it’s wrong that only one company makes the game Monopoly.”
~ Steven Wright
