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History has not dealt kindly with the aftermath of protracted periods of low risk premiums. – Alan Greenspan
No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk. – Alan Greenspan
We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power. – Alan Greenspan
You can’t have the capitalist system if an increasing number of people think it is unjust. – Alan Greenspan