I was never a very convincing social conservative, and always avoided associating myself with that part of the broader conservative movement.
From Niall Ferguson
I would say I'm a 19th-century liberal, possibly even an 18th-century one.
Risk models are a substitute for historical knowledge, because they tend to work with just three years' worth of data. But three years is not a long time in financial history.
What's so seductive about the efficient markets hypothesis is that it applies nine years out of ten. A lot of the time it works. But when it stops working, you blow up.
Only in England would 'professor gets divorced and remarried' be a story.
As a financial historian, I was quite isolated in Oxford - British historians are supposed to write about kings - so the quality of intellectual life in my field is much higher at Harvard. The students work harder there.
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