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  • I think nobody is in a position to react to these big macro-issues. Where is the dollar going to be or what is G.D.P. growth going to be in China? For every smart person on one side of the question, there is another smart person on the other side.

    David F. Swensen
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    "Smart Advice for the HuffPost Investor : The System Is Rigged Against You, Can You Beat the Odds Or Should You Stay On the Sidelines?" by Dan Solin, www.huffingtonpost.com. February 27, 2008.
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I think nobody is in a position to react to these big macro-issues. Where is the dollar going to be or what is G.D.P. growth going to be in China? For every smart person on one side of the question, there is another smart person on the other side. - David F. Swensen
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