“The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.”

—  Alan Greenspan

Source: 2000s, The Age of Turbulence (2008), Chapter Twenty-Five, "The Delphic Future", p. 465.

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Alan Greenspan51
13th Chairman of the Federal Reserve in the United States 1926

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