Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Raymond Duray who wrote (36068)	7/14/2003 12:55:15 PM
From: LPS5	Read Replies (1) of 74559

"Progress is cumulative in science and engineering but cyclical in finance." --James Grant Faithfully, and true to form, wrong. What he said in his 1992 book - since you're quoting, and not paraphrasing - was, "[s]uch progress as we have in finance is not cumulative, as in science, but cyclical." Keep trying, LOL. LPS5

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