Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter II, The Investor and Stock-Market Fluctuations, p. 44
“In practice, a good deal of the outcomes produced by the market reflect nothing more than luck - good or bad.”
Source: The Economic Illusion (1984), Chapter 1, Equality and Efficiency, p. 16
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Robert Kuttner 23
American journalist 1943Related quotes
“There is a good deal more to nothing than meets the eye.”
Preface
The Book of Nothing (2009)
“Happiness is nothing more than good health and a bad memory.”
Variant: Happiness is nothing more than good health and a bad memory.
“Good luck is just bad luck with its hair combed.”
Page 457.
Everything's Eventual (2002), "Luckey Quarter"
“A spider brings good luck before midnight and bad luck after.”
Source: Chocolat
“Good music always defeats bad luck.”
“I believe more in the goodness of bad people than i do in the badness of good people.”
Source: A Thousand & One Epigrams: Selected from the Writings of Elbert Hubbard (1911), p. 18.
Source: In The Face of Danger
“Good laws are produced by bad actions.”
Saturnalia (c. 400). Alternately translated as "begot" instead of produced and "manners" instead of actions.