The Daily Pioneer pays tribute to Paul Samuelson, architect of modern economics. Please read at http://www.dailypioneer.com/222728/An-extraordinary-mind.html .
The Pioneer tribute says "Paul Samuelson changed economics forever".
In my college days, Samuelson was considered to be 'the' book on Economics. It still is. Mr Samuelson died at age 94, in the USA on Sunday, December 13, 2009. He was awarded the Noble prize for Economics in 1970. He was the mentor of many Noble prize winners, including Krugman who won the prize in 2008.
I took the liberty of pointing out the genius of Samuelson, today on the CNBC show at 9:30 AM. I suggested that 500 years later, people will still remember Mr Samuelson while they will have forgotten the Investment Bankers who price IPO's.
Readers must always remember that there is life beyond stop losses and targets, beyond fund managers and business magnets.
In fact, successful traders understand this intuitively.