Ask five economists and you'll get five different answers (six if one went to Harvard).

Ask five economists and you'll get five different answers (six if one went to Harvard).

People don't have fortunes left them in that style nowadays; men have to work and women to marry for money. read more

People don't have fortunes left them in that style nowadays; men have to work and women to marry for money. It's a dreadfully unjust world.

Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements read more

Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.

What difference does it make how much you have? What you do not have amounts to much more.

What difference does it make how much you have? What you do not have amounts to much more.

It's easy to make good decisions when there are no bad options.

It's easy to make good decisions when there are no bad options.

If you marry for money, you will surely earn it.

If you marry for money, you will surely earn it.

Capital can do nothing without brains to direct it.

Capital can do nothing without brains to direct it.

Emotions are your worst enemy in the stock market.

Emotions are your worst enemy in the stock market.

The problem with the person who thinks he's a long-term investor and impervious to short-term gyrations is that the emotion read more

The problem with the person who thinks he's a long-term investor and impervious to short-term gyrations is that the emotion of fear and pain will eventually make him sell badly.