New feature: Financial Quote of the Day

I am sure I won't do one every day, but seems like something fun to do for a while, so here goes:

"It is wonderful how preposterously the affairs of the world are managed. We assemble parliaments and councils to have the benefit of collected wisdom, but we necessarily have, at the same time, the inconvenience of their collected passions, prejudices, and private interests: for regulating commerce as assembly of great men is the greatest fool on earth."

* Benjamin Franklin as quoted in Dean LeBaron's Book of Investment Quotations, page 119.

Read More...

[Source: FinanceProfessor.com]