Wednesday, June 27, 2012

Quote of the Week

There were actually a couple of good candidates this week for Quote of the Week, whihch isn't always the case. If you're not sick of Europe yet (and let's be honest, you are), I thought this quote out of Cyprus was pretty telling as to the current state of things in the global economy.

In a similar vein, I also enjoyed Barry Ritholtz's rhetorical question at the end of this post--in essence, if we'd had a time machine 5 years ago, would it have helped us avoid any of this mess we're in now? I'm honestly not sure that it would have, and that's a problem.

But this week's winner is a guy who's long overdue to be recognized in this space. Buried deep inside this long treatise from economist/blogger Mish Shedlock is a gem of a quote from Yogi Berra, the idiot-savant philosopher/baseball hall of famer. It's a miracle I've gone this long without featuring a Yogi quote, because he's awesome. And this time around, his musing is both insightful and topical


"In theory, there is no difference between theory and practice. In practice, there is."          
                                        - Yogi Berra

Well said, Yogi. Well said.

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