Money and Finance
(Source)
- Peter Bernstein Quote
“In their calmer moments, investors recognize their inability to know what the future holds. In moments of extreme panic or enthusiasm, however, they become remarkably bold in their predictions: they act as though uncertainty has vanished and the outcome...
- Richard Feynman: "how You Get To Know Is What I Want To Know."
From The Meaning of It All: Thoughts of a Citizen-Scientist: All scientific knowledge is uncertain. This experience with doubt and uncertainty is important. I believe that it is of very great value, and one that extends beyond the sciences. I believe...
- Richard Feynman Quote
“A scientist is never certain. We all know that. We know that all our statements are approximate statements with different degrees of certainty; that when a statement is made, the question is not whether it is true or false but rather how likely it...
- The Trouble With Freedom – By John Gray
Found via Farnam Street. Not long after the start of the 21st Century, we like to tell ourselves an uplifting story in which freedom expands whenever tyranny is overthrown. We believe that freedom and democracy are inseparable, so that when a dictator...
- Warren Buffett Quote
“The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's...
Money and Finance
Bertrand Russell and uncertainty
"I think nobody should be certain of anything. If you’re certain, you’re certainly wrong because nothing deserves certainty. So one ought to hold all one’s beliefs with a certain element of doubt, and one ought to be able to act vigorously in spite of the doubt…. One has in practical life to act upon probabilities, and what I should look to philosophy to do is to encourage people to act with vigor without complete certainty." -Bertrand Russell
(Source)
- Peter Bernstein Quote
“In their calmer moments, investors recognize their inability to know what the future holds. In moments of extreme panic or enthusiasm, however, they become remarkably bold in their predictions: they act as though uncertainty has vanished and the outcome...
- Richard Feynman: "how You Get To Know Is What I Want To Know."
From The Meaning of It All: Thoughts of a Citizen-Scientist: All scientific knowledge is uncertain. This experience with doubt and uncertainty is important. I believe that it is of very great value, and one that extends beyond the sciences. I believe...
- Richard Feynman Quote
“A scientist is never certain. We all know that. We know that all our statements are approximate statements with different degrees of certainty; that when a statement is made, the question is not whether it is true or false but rather how likely it...
- The Trouble With Freedom – By John Gray
Found via Farnam Street. Not long after the start of the 21st Century, we like to tell ourselves an uplifting story in which freedom expands whenever tyranny is overthrown. We believe that freedom and democracy are inseparable, so that when a dictator...
- Warren Buffett Quote
“The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's...