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The recent market run-up that appreciated run-of-the-mill shares also chanced to send up those token gold holdings. Pure luck, undeserved and unlikely to reoccur. Good questions outrank easy answers.

— Paul Samuelson

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Luck

More quotes by Paul Samuelson

What sex is to the biology classroom, stocks and investment riskiness is to the sophomore economics lecture hall.

Samuelson's Economics at Fifty: Remarks on the Occasion of the Anniversary of Publication (1998)

When finally mastered, its analysis is found to be obvious and at the same time new. In short, it is a work of genius.

The stock market has forecast nine of the last five recessions.

Economic theory is a mistress of even too tempting grace.

Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference.

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In the fields of observation chance favors only the prepared mind.

Louis Pasteur

Some are born great, some achieve greatness, and some have greatness thrust upon 'em.

William Shakespeare Twelfth Night (1601)

O Fortune, cruellest of heavenly powers,
Why make such game of this poor life of ours?

Horace Satires (-35)

Vicissitudes of fortune, which spares neither man nor the proudest of his works, which buries empires and cities in a common grave.

Edward Gibbon The History of the Decline And Fall Of The Roman Empire (1776)

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Quote text and notes from Wikiquote: Paul Samuelson (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.