Eugene Fama (1939) American economist and Nobel laureate in Economics
Cited in: Lawrence Delevingne. " Nobel winner Fama: Active management 'never' good. http://www.cnbc.com/id/102014057" at cnbc.com. 19 Sept. 2014.
“Beating the market is a zero-sum game for investors. Money managers, as a group, must provide the market return… But that return comes only before their exorbitant fees, operating expenses, and portfolio turnover costs are deducted. The zero-sum game before costs becomes a loser’s game after costs.”
Gilbert Lecture, Princeton University, Feb 21, 2013
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David Graeber (1961) American anthropologist and anarchist
Source: Debt: The First 5,000 Years (2011), Chapter Seven, "Honor and Degradation", p. 175
Andy Kessler (1958) American writer
Part VII, The Margin Surplus, Wealth How?, p. 261.
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“The world of shelf space is a zero-sum game: One product displaces another.”
Chris Anderson book The Long Tail
Source: The Long Tail: Why the Future of Business Is Selling Less of More (2006), Ch. 2, p. 40
“In a zero-sum game, the problem is entirely one of distribution, not at all one of production.”
Kenneth N. Waltz book Man, the State, and War
Source: Man, the State, and War (1959), Chapter VII, Some Implications Of The Third Image, p. 202
“The Silicon Valley culture is "I can win and you can win" - it isn't a sum-zero game.”
Steve Blank (1953) American businessman
Interview with Steve Blank (2013)
Oliver Stone (1946) American film director, screenwriter, and producer
Wall Street DVD Director’s Commentary (2000)
Dan Simmons book The Rise of Endymion
Source: The Rise of Endymion (1997), Chapter 20 (p. 406)
John Reid, Baron Reid of Cardowan (1947) British politician
Speech to the Labour Party conference in Manchester, 28 September 2006. BBC News 28 September 2006 http://news.bbc.co.uk/1/hi/uk_politics/5388112.stm
