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Quotes of the Week

June 1, 1999

Financial forecasting is like driving a car blindfolded with directions from a passenger who is looking out the back window.
Werner De Bondt at the Association for Investment Management and Research Annual Conference (5/25/99)

In the academic Milieu . . . the person with the better argument usually wins. In politics, by contrast, the better argument doesn't always win, and the best argument rarely does. It is compromise that carries the day.
Rob Norton in "Summers Arrives" from Fortune (6/7/99)

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