Finance

Willem Buiter - Finance is a scary, inherently unstable, essential activity.

John Cochrane (2000) - The hurdles of asset pricing are really conceptual rather than mathematical.

Jon Danielsson - In physics the phenomena being measured does not generally change with measurement. In the finance that is not true.

The Economist (26/1/2006) - An actuary and a farmer are looking at two fields of sheep. The farmer asks the actuary how many sheep he thinks there are: “1,007”, is the quick and confident reply. The astounded farmer asks how the actuary reached that number. “Easy, there are seven sheep in that field and about 1,000 in the other.”

Eric Falkenstein - Don't expect to make more money for taking risk, just know you have to take risk to make more money. If you don't understand the difference, you shouldn't be taking risk.

Erik Falkenstein - Risk as a practical matter is insanely subtle.

Andrew Lo - Finance is the part of economics that works.

Robert W. Sarnoff (RCA) - Finance is the art of passing money from hand to hand until it finally disappears.

Jim O'Shaughnessy - More fiction has been written in Excel than in word.

Traditionnal - Keeping up with the Goldmans.