Quotes in the News

"The most important thing [in selecting a money manager] is character and the quality of people. That's also the second most important thing and the third most important thing. It's everything. ... If you sat down and had a conversation with [convicted fraudster Bernie Madoff] about his investment activities and couldn't figure out that he was being evasive, shame on you."

— David Swensen, chief investment officer, adjunct professor at the School of Management and lecturer in economics, "Lunch with the FT: David Swensen," Financial Times, Oct. 14, 2009.

"If you're talking about biological scientists, and people trying to understand structure and function and perhaps designing new molecules, [the discovery of the structure of the ribosome] can be useful, but I doubt it will have the same resonance as the [the discovery of the] double helix. That's a hard one to compete with."

— Thomas Steitz, Sterling Professor of Molecular Biophyics and Biochemistry and professor of chemistry, about his Nobel Prize-winning research, "Ribosome Unraveled: A Q&A with Nobelist Thomas Steitz," Scientific American, Oct. 12, 2009.

"Stockmarkets typically rally when companies lay off workers as a lower cost base raises the prospect of higher dividend payments, making those stocks more attractive. Those rules are not valid during a global recession. World markets tumbled on the news that the U.S. unemployment rate hit 9.8%, a 26-year high. The news jolted manufacturers of consumer goods all over the world and their supply chain partners. In a deeply integrated world, grim employment figures from the United States bring gloom to all linked with the U.S. economy in one way or another."

— Nayan Chanda, editor of YaleGlobal Online and director of publications at the Center for the Study of Globalization, "U.S., The New Saver," Business World, Oct. 14, 2009.

"If the child has [extracurricular] activities that they really love, they're having fun, they're happy, then that's a good thing. If they're in all of the activities because they feel in some way that they're being pressured to or that they need to be good at many things, then that's not as healthy. ... I think everyone needs some time to not have to worry, not feel any pressure, to just, you know, be a kid."

— Dr. Dorothy Stubbe, associate professor at the Child Study Center, "Experts Advise Against Overbooking Kids," Eyewitness News 3, Oct. 14, 2009.

"Bagram [prison camp for terrorists in Afghanistan] is becoming Obama's Guantánamo. The situation at Bagram is, if anything, far worse than Guantánamo. At Bagram, there are no lawyers, no courts and essentially no hope."

— Hope Metcalf, associate research scientist at the Law School, "Obama's Guantánamo, Counterterror Policies Similar to Bush's?" Christian Science Monitor, Oct. 15, 2009.