Justin Fox Quotes

Justin Fox Quotes

Justin Fox is an American financial journalist, commentator, and writer born in Morristown, New Jersey. He is a Bloomberg Opinion columnist and former editorial director of the Harvard Business Review Group and business and economics columnist for Time magazine. He graduated from Princeton University and has been published by Fortune magazine, The Birmingham News, and American Banker. His book, The Myth of the Rational Market, traces the rise of the efficient-market hypothesis. It was a New York Times Notable Book of 2009 and was named the best business book of the year by Amazon.com.He has worked as a commentator on PBS's Nightly Business Report. He is a Young Global Leader of the World Economic Forum. He was awarded the 2001 Business Journalist of the Year Award for writing about technology. Wikipedia

✵ 28. January 1964

Justin Fox: 2 quotes0 likes

“Psychologist Philip Tetlock (following the lead of Isaiah Berlin), divided the world of political forecasters into hedgehogs and foxes.”

Justin Fox

Justin Fox. " How to Be Bad at Forecasting https://hbr.org/2012/05/how-to-be-bad-at-forecasting.html," in Harvard Business Review, May 11, 2012.

“One recent history of economic thought (Jürg Niehans’s A History of Economic Theory) devotes twenty-four pages to Samuelson’s ideas. Adam Smith only gets thirteen. Samuelson’s work on stock markets and the random walk takes up less than two of those twenty-four pages. He was “the last generalist in economics,” as he liked to say, and for him financial market studies were just a side project that he at times seemed deeply ambivalent about. His intervention was, however, crucial to the triumph of the random walk. Here was one of the most important economists of all time, and he didn’t think the relationship between coin flips and the stock market was a dinner-speech triviality.”

Justin Fox

Justin Fox, Myth of Rational Market (2009), Ch. 4 : A Random Walk from Paul Samuelson to Paul Samuelson