Dendi

“The elementary and basic approach that I suggest places “the theory of markets” and not the “theory of resource allocation” at center stage. My plea is really for the adoption of a sophisticated “catallactics,”…”
― James M. Buchanan

“We live in fortunate times in which we have only the irritant of terrorism instead of world wars to worry about”
― Edward N. Luttwak

“The truth is that banks are the last feudal kingdoms, their rulers omnipotent, divine warlords. Their key lieutenants are 'ronin' (wandering mercenary samurai) who roam financial markets ready to ally themselves to any warlord for a share of plunder. This is not the place to apply the latest management theory.”
― Satyajit Das, Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives

“Hofstadter's Law: It always takes longer than you expect, even when you take into account Hofstadter's Law”
― Douglas Hofstadter