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Air Quotes

“My opinion has always been this, that you ought to never give up as long as you live, even though they have stolen everything from you. If nothing else, you can always call the air you breath your own, or at any rate you can claim that you have it on loan. Yes, lass, last night I ate stolen bread and left my son among men who are going to use pick-handles on the authorities, so I thought I might just as well look you up this morning.”

“Second, they [those who disagree with market efficiency] always claim they know a man, a bank, or a fund that does do better. Alas, anecdotes are not science. And once Wharton School dissertations seek to quantify the performers, these have a tendency to evaporate into the air - or, at least, into statistically insignificant t-statistics.”