I would finally renounce my delusional hypotheses and revert to thinking of myself as a human of more conventional circumstances and return to mathematical research.
If you are an investor who's retired and hopes to live off the income that your portfolio is generating, then we would focus just on the dividend yield.
Industries that make goods and services that people have to buy, regardless of economic circumstances, are bound to do well whatever the economic conditions.
We believe that people moving their portfolios to an overweight in bonds will be disappointed over the long-term and will significantly underperform an asset allocation that over-weights equities.
In my view, there is an urgent need to communicate with the public and help to explain where there is consensus, and where are there doubts about the issues of sustainable development.
The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy.
I, like many members of my generation, was concerned with segregation and the repeated violation of civil rights.
But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs.
We should teach the students, as well as executives, how to conduct experiments, how to examine data, and how to use these tools to make better decisions.
Computers are heaven-sent when they work and hell-spawn when they don't. There's just not much middle ground when it comes to technology.
Nobody would say, 'I'm voting for this guy because he's got the stronger chin,' but that, in fact, is partly what happens.
So your emotional state really has a lot to do with what you're thinking about and what you're paying attention to.
We are very influenced by completely automatic things that we have no control over, and we don't know we're doing it.
When people talk of the economy being strong, they don't seem to feel that they, too, are better off.
People should be conscious of the large contribution made by anything that gets people together easily in the reduction of loneliness and emotional well-being.
Poverty is clearly one source of emotional suffering, but there are others, like loneliness. A policy to reduce the loneliness of the elderly would certainly reduce suffering.
In a rising market, enough of your bad ideas will pay off so that you'll never learn that you should have fewer ideas.
Human beings cannot comprehend very large or very small numbers. It would be useful for us to acknowledge that fact.
It's not coincidence that the U.S. is in last place in the world in terms of corporate tax rate. It's because our system is set up to block tax reform.
If Truman hadn't published 'Answered Prayers' in parts, he'd have had the drive to finish it. The peacocks took it away from him.
Self-control, openness, the ability to engage with others, to plan and to persist - these are the attributes that get people in the door and on the job, and lead to productive lives.
