Quotes 1 till 5 of 5.
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As everyone in Louisiana knows, there was often no communication or coordination between the state and federal government in the aftermath of Hurricanes Katrina and Rita.
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Hurricanes are dangerous things, and they're no fun to go through. And if you come out of it in one piece and your house comes out of in one piece, it's no fun living with no electricity for a day or a week, a month, whatever it is. And I speak, unfortunately, from personal experience on that matter.
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In my home State of Louisiana, several institutions of higher education have been impacted by both Hurricanes Katrina and Rita, literally dozens across the entire State.
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Louisiana loses 30 miles a year off our coast. We lost 100 miles last year off our coast thanks to Hurricanes Katrina and Rita. We have lost a size of land equivalent to the entire state of Rhode Island.
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When the weather changes and hurricanes hit, nobody believes that the laws of physics have changed. Similarly, I don't believe that when the stock market goes into terrible gyrations its rules have changed. It's the same stock market with the same mechanisms and the same people.
A Theory of Roughness
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