In real-world Finance, they don't pay for elegance. They pay for power - predictive power.

A comprehensive list of factors brings predictive stability and predictive stability and predictive power.

Less volatile stocks tend to have negative abnormal profits; more volatile stocks tend to have positive abnormal profits.

If we observe the performance of only those funds that remain active, we will tend to find that the average performance of the surviving funds exceeds that of the market.

The cheaper the stock, the better the outlook for future returns.

When you buy a lottery ticket, you don't know how tickets have been sold. But sold they have been. And there is an underlying distribution for the game.

CAPM also makes use of what is called a "definitional identity." This is something that is automatically true, simply because of the way things have been defined.

So you see, in the end, it is nearly certain that the power of prediction must triumph over the arrogance of elegance.

Virtually every writer I know would rather be a musician.

Diseases can be our spiritual flat tires - disruptions in our lives that seem to be disasters at the time but end by redirecting our lives in a meaningful way.

I hope people don't get tired of looking at me.

People usually survive their illnesses, but the paper work eventually does them in. Filing a claim for insurance is terminal.

I love writing to my little sister. It's a very nice, easy kind of way I always find inspiration.

The principle of neutrality ... has increasingly become an obsolete conception, and, except under very special circumstances, it is an immoral and shortsighted conception.

Why is it we can never love the people we ought to?

God gives the exact experiences he wants them to have in order to shape the specific destiny he designed for them.

In the days of Caesar, kings had fools and jesters. Now network presidents have anchormen.

Man is, properly speaking, based upon hope, he has no other possession but hope; this world of his is emphatically the place of hope.