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— William A. Dembski"You have to understand, in the current academic climate, Intelligent Design is like leprosy or heresy in times past. To be tagged as an ID supporter is to become an academic pariah, and this holds even at so-called Christian institutions that place a premium on respectability at the expense of truth and the offense of the Gospel."
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A good rule of thumb is as follows: If the numbers come from somebody wearing a tie (Wall Street economist or analyst, industry public relations department, captive think tank academic and so on), you ought to be very skeptical. By design messages from these people are intended to move markets, move merchandise and/or move public policy and are not a comment on the state of the physical universe.
— Nassim Nicholas Taleb
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Berkshire's whole record has been achieved without paying one ounce of attention to the efficient market theory in its hard form. And not one ounce of attention to the descendants of that idea, which came out of academic economics and went into corporate finance and morphed into such obscenities as the capital asset pricing model, which we also paid no attention to. I think you'd have to believe in the tooth fairy to believe that you could easily outperform the market by seven-percentage points per annum just by investing in high volatility stocks.
— Charlie Munger
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