Charles Frazier

I remember my father checking on a mountain kid who hadn't been coming to school. My father had this beautiful Harris tweed overcoat. He came back with a knife cut all down one side. The parents had told him it was none of his business why their son wasn't going to school.

I met people when we lived down in Raleigh who'd ask where I grew up, and I'd say about two hours west of Asheville, and they'd say they didn't know there was any North Carolina two hours west of Asheville. It was in many ways an isolated place.

The market is incredibly inefficient and capable on rare occasions of being utterly dysfunctional. And people have a really hard time getting their brain around that fact. They want to believe that it's approximately efficient almost all the time, and it simply isn't true.