30 Quotes by Alan Blinder

Life is not a multiple choice test, it’s an open-book essay exam.

In the classic old business cycle, there would be a diminution in sales; it would take a little while for this information to reach corporate headquarters. And there would be an inventory pileup. And then – bam – businesses would react, sometimes violently, by cutting production.

And the maestro surely wielded the chairman’s baton with extraordinary skill. His stellar record suggests that the only right answer to the age-old question of whether it is better to be lucky or good may be: both.