Paul Samuelson Quotes

Enjoy the top 69 famous quotes, sayings and quotations by Paul Samuelson.

Paul Samuelson Quotes

Economics has never been a science - and it is even less now than a few years ago.
— Paul Samuelson —

Economics has never been a science - and it is even less now than a few years ago.

— Paul Samuelson

Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.

— Paul Samuelson

Kelsoism is not accepted by modern scientific economics as a valid and fruitful analysis of the distribution of income but rather it is regarded as an amateurish and cranky fad.

— Paul Samuelson

First, those who disagree with market efficiency simply assert that it stands to common sense that greater effort to get facts and greater acumen in analyzing those facts will pay off in better performance somehow measured. (By this logic, cure for cancer must have been found by 1955).

— Paul Samuelson

Still, I figure we shouldn't' discourage fans of actively managed funds. With all their buying and selling, active investors ensure the market is reasonably efficient. That makes it possible for the rest of us to do the sensible thing, which is to index. Want to join me in this parasitic behavior? To build a well-diversified portfolio, you might stash 70 percent of your stock portfolio into a Wilshire 5000-index fund and the remaining 30 percent in an international-index fund.

— Paul Samuelson

The debate can be put in the form of the question: Resolved, that the best of money managers cannot be demonstrated to be able to deliver the goods of superior portfolio-selection performance. Any jury that reviews the evidence, and there is a great deal of relevant evidence, must at least come out with the Scottish verdict: Superior investment performance is unproved.

— Paul Samuelson

We are like highly trained athletes, who never run a race.

— Paul Samuelson

Two-thirds of a century after [The Road to Serfdom] got written, hindsight confirms how inaccurate its innuendo about the future turned out to be.

— Paul Samuelson

In this age of specialization, I sometimes think of myself as the last 'generalist' in economics, with interests that range from mathematical economics down to current financial journalism. My real interests are research and teaching ...

— Paul Samuelson

It isn't that greed's increased. What's increased is the realization that you've got a free field to reach out for what you'd like to do.

— Paul Samuelson

Two factors explain our success. One, MIT's renaissance after World War II as a federally supported research resource. Two, the mathematical revolution in macro- and micro-economic theory and statistics. This was overdue and inevitable, MIT was the logical place for it to flourish.

— Paul Samuelson

The consumer, so it is said, is the king each is a voter who uses his money as votes to get the things done that he wants done.

— Paul Samuelson

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