"Bernoulli's real contribution was to coin a word. The word has been translated into English as "utility". It describes this subjective value people place on money."

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“Your second ducat, like your second million, is never quite as sweet.”

“In real conversations, we are always trying to outguess each other.”

“The best paradoxes raise questions about what kinds of contradictions can occur—what species of impossibilities are possible.”

“Average" isn't so hot at the race track given those steep track takes. "Average" is pretty decent for stocks, something like 6 percent above the inflation rate. For a buy-and -hold investor, commissions and taxes are small.”

“Far from preventing gambler's ruin, martingale accelerates it.”

“Carl Friedrich Gauss, often rated the greatest mathematician of all time, played the market. On a salary of 1,000 thalers a year, Euler left an estate of 170,587 thalers in cash and securities. Nothing is known of Gauss's investment methods.”

Resonant Thoughts

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— Daniel Tosh

Entertainment1975

#Human Nature

"Take a look at the death toll now , there are almost no children. A nine-month-old baby is the youngest known patient, and the baby's still alive. The youngest patients who died are about 30 years old…"

— Yong Poovorawan

Education1950

#life

"Since it's not considered polite, and surely not politically-correct to come out and actually say that greed gets wonderful things done, let me go through a few of the millions of examples of the bene…"

— Walter E. Williams

Economics1936–2020

#mind

"I just say to everybody in the country, including everyone in Parliament, the fundamental choice is this: Are you going to side with Jeremy Corbyn and those who want to cancel the referendum? Are you …"

— Boris Johnson

Politics1964

#justice