Harvey’s escalating criticism of the rigour of financial academia since 2015 is more akin to the emperor regretfully proclaiming his own nudity

You cannot measure the risk of a portfolio by simply aggregating the risks of individual investments

We are all vulnerable – not just the Chinese. But the Chinese were especially vulnerable because they were such a highly ideological nation

when I tell people that my new calculus is based on a constant differential instead of a diminishing differential, they look at me like I just started speaking Japanese with a Dutch accent

Any preference shown for business graduates will be a deliberate selection of the mediocre

What does that mean? Δθ? Does it mean something more than θ. I don’t know, but maybe Feynman knows

Economics cannot claim to be a scientific field if its main the­ories are not subject to empir­ical testing and pos­sible rejection

Fusion has been just ten years away for at least the last thirty years. And every time, they say “this time it is different”

His [Colin Clark’s] mistake was one I often see with conservative intellectuals, namely the attempt to apply abstract reasoning to social questions that can only be understood on the basis of the direct practical experience

the very act of assigning a number to a variable makes it a distance