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

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.

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.

Make the world a better place by resolving to do something good for someone different every day.

Life is about balance. It's not about forgetting the bad times or escaping them. It's about creating enough good times to outweigh the bad.

Golf is said to be an humbling game, but it is surprising how many people are either not aware of their weaknesses of else reckless of consequences.

Obscurantism is the academic theorist's revenge on society for having consigned him or her to relative obscurity - a way of proclaiming one's superiority in the face of one's diminished influence.

I find when I'm overly concerned about what I eat, I stress out my body and put on weight.

I am assured at any rate Man's practically inexterminate. Someday I must go into that. There's always been an Ararat Where someone someone else begat To start the world all over at.

Yes there are times when you regret your decisions but we all have to make them without the power of hindsight.

I've discovered that every time I've reached a milestone I think I'm there, but there's another there waiting for me.

How you use the opportunities your given to affect the world around you will determine the legacy you leave behind.

I don't think that neutrality is an obstacle to Austria's successful integration into European and world structures... but this is a question that the Austrian people themselves must decide.