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Quotes of the Week

August 23, 1999

There's something in people, you might even call it a little bit of a gambling instinct . . . I tell people [investing] should be dull. It shouldn't be exciting. 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 in The Ultimate Guide To Indexing from Bloomberg (September 1999)

People who work hard in the U.S. have a good chance of succeeding; people can look around and see that hard work and education bring rewards. This helps maintain a pro-capitalist public opinion, which makes sound economic policies popular and powerful, and this in turn helps ensure that hard work continues to bring rewards. It's quite a virtuous circle.
Walter Russell Mead in How America Got Rich? from Worth (September 1999)

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