The market is a place set apart where men may deceive each other.
--
Anacharsis, 5.Diogenes Laertius
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Underlying even the so-called problem of knowledge there is simply this human feeling, just as underlying the inquiry into the "why," the cause, there is simply the search for the "wherefore," the end. All the rest is either to deceive oneself or to wish to deceive others; and to wish to deceive others in order to deceive oneself.
Miguel de Unamuno
A weakness of the random-walk model lies in its assumption of instantaneous adjustment, whereas the information impelling a stock market toward its "intrinsic value" gradually becomes disseminated throughout the market place.
Richard Arnold Epstein
We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.
Warren Buffett
Keynes tried to show that market economies could settle in equilibrium states in which the labour market did not clear, and in which the level of unemployment was high. He believed that this was due to a particular example of market failure, developed in his concept of effective demand.
Paul Ormerod
One reason for the primacy of the market in shaping the modern world is that it forces a reorganization of society in order to make the market work properly . When a market comes into existence, as Marx fully appreciated, it becomes a potent force driving social change.
Robert Gilpin
Laertius, Diogenes
Lafayette, Gilbert du Motier
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