Risk models are a substitute for historical knowledge, because they tend to work with just three years' worth of data. But three years is not a long time in financial history. Niall Ferguson datumfinancialhistorical Change image and share on social
We historians are increasingly using experimental psychology to understand the way we act. It is becoming very clear that our ability to evaluate risk is hedged by all sorts of cognitive biases. It's a miracle that we get anything right. Niall Ferguson abilityactbiase share on social
I have three kids in Britain, and I am there at least once a month. Niall Ferguson britainkidmonth Change image and share on social
It's great to see countries like China and India lifting hundreds of millions of people out of poverty by essentially copying Western ways of doing things. Niall Ferguson chinacopycountry Change image and share on social
The real point of me isn't that I'm good looking. It's that I'm clever. I've got a brain! I would rather be called a highly intelligent historian than a gorgeous pouting one. Niall Ferguson braincallclever Change image and share on social
The rise of the West is, quite simply, the pre-eminent historical phenomenon of the second half of the second millennium after Christ. Niall Ferguson christeminenthalf Change image and share on social
President Obama's biggest weakness is weakness. Niall Ferguson bigobamapresident Change image and share on social
Ask me not, 'Are you rightwing,' but ask me 'Are you a committed believer in individual freedom, the values of the enlightenment?' Then, yeah, if being rightwing means believing Adam Smith was right, both in the 'Wealth of Nations' and the 'Theory of Moral Sentiments,' then I'm rightwing. Niall Ferguson adambelievebeliever share on social
I can't think of anything I would rather do with my money than buy my children the best possible education. Niall Ferguson buychildeducation Change image and share on social
Only in England would 'professor gets divorced and remarried' be a story. Niall Ferguson divorceenglandprofessor Change image and share on social