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William Poundstone -
Samuelson
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From Adam Smith through John Maynard Keynes, economics had been mostly talk. At Harvard economics was talk. At MIT, Samuelson made it math.
William Poundstone
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Samuelson, however, hedged his personal bets - by putting some of his own money in Berkshire Hathaway.
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Samuelson spotted a mistake in Bacheliers work. Bachelier's model had failed to consider that stock prices cannot fall below zero.
William Poundstone
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If thou desire the love of God and man, be humble, for the proud heart, as it loves none but itself, is beloved of none but itself. Humility enforces where neither virtue, nor strength, nor reason can prevail.
Francis Quarles
William Poundstone
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