Every Side Of A Coin

If We Internationalize Everything, We End Up With Rules That Stifle Freedom And Innovation.

I Was Involved With Wells Fargo Bank As A Consultant In The Late 1960s And Early 1970s, When I Suggested To Them That They Develop A Product That Has Become Known As Index Funds.

My Career In Academic Research Has Not Been Involved With Active Management Of Securities. I've Tried To Understand Risk-and-return Relationships; Also The Pricing Of Derivative Securities.

All Models Have Faults - That Doesnt Mean You Cant Use Them As Tools For Making Decisions.

Every Side Of A Coin Has Another Side.