Nomination to the eventual winner of the general election, richard nixon. The following Political Program is sponsored by citizens for reagan committee. Place your left hand on the bible and raise your right hand. Do solemnly swear you will support and defend the constitution of the United States and the constitution of the state of california, against all enemies, foreign or domestic . I do. That you will bear full faith and allegiance to the constitution of the United States and the constitution of the state of california, that you take this obligation freely. This was the night Ronald Reagan became governor of california january 2, 1967. Governor reagan was born and raised in illinois. I do. Governor reagan, i declare you to be duly installed as governor of the state of california. As other Illinois Republican said, government should be of the people, by the people, for the people. [applause] that kind of government, of the people, by the people, for the people, arrived that night i
Can died here and we stocks. Famas relationship now extends five decades and led the beginning of difficult men shonal and Institutional Fund manager. They are coming out with a landmark paper and brand new stuff. The two recently sat down at the university of Chicago School of business. Widearranging conversations on a very special masters in business. During your last year at tufts you worked nor a professor who ran a stock market Forecasting Service and you did research for him, what sort of work did you do with this dock Forecasting Research . To beat the market. How did that work out . That worked out fine. [indiscernible]. That was a lesson how did that research into forecasting the stock Market Impact your thinking about whether or not the market could be beat . , i came here to Chicago Research indiscernible] put in context, it started because of computers. Before 1960s, we didnt have a computer to do data analysis. And statisticians had a new toy to play with and stock prices
Unfiltered, which is the way i prefer it. So whoever runs it, whoever is responsible for that, thank you for letting us have access to the facility again. It is terrific. I will talk about some things in d. C. , then get going. The only thing congress has to do year in and year out is fund the government. We do that through the appropriations process. Today is october 7, today is the seventh day of the new fiscal year. We should have gotten all the appropriations work done at least before the end of september, and we didnt. Which is not unusual. Congress usual doesnt get that work done. Fiscal 19, we did get about 70 of the spending plan done before the end of september, which meant that the department of defense, the largest block of spending on the discretionary side, had a full year in order to execute that 700 billionplus budget that theyve got. So this year, because we had well, mechanically the spending process starts with a budget, which is simply an agreement between the house
Apparently you guys knew about it earlier in the week, because obviously this is a team out of austin that has come to cover it. Fantastic. Im tickled to death they could it is taped. The idea, i think, is they will send a tape back to d. C. And it will be run unedited, unfiltered, which is the way i prefer it. So whoever runs it, whoever is responsible for that, thank you for letting us have access to the facility again. It is terrific. I will talk about some things in d. C. , then get going. The only thing congress has to do year in and year out is fund the government. We do that through the appropriations process. Today is october 7, today is the seventh day of the new fiscal year. We should have gotten all the appropriations work done at least before the end of september, and we didnt. Which is not unusual. Congress usual doesnt get that work done. Fiscal 19, we did get about 70 of the spending plan done before the end of september, which meant that the department of defense, the l
Against all enemies, foreign or domestic . President reagan i do. That you will bear full faith and allegiance to the constitution of the United States and the constitution of the state of california, that you take this obligation freely. Narrator this was the night Ronald Reagan became governor of california, january 2, 1967. Governor reagan was born and raised in illinois. President reagan i do. Governor reagan, i declare you to be duly installed as governor of the state of california. Narrator as another republican said, government should be of the people, by the people, for the people. [applause] that kind of government, of the people, by the people, for the people, arrived that night in california. [applause] governor reagan i am here with those i love the most in all the world and friends who come to share this moment, and im fully cognizant of the importance of this and what it means to so many people. Someone back in our history, i was not too good a student but i think it was