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

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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.”

“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.”

“The ultimate compound return rate is acutely sensitive to fat tails.”

Resonant Thoughts

"When female members of the House committee asked for a woman to testify along with the men, they were denied. Their request was simple: to allow Sandra Fluke, a Georgetown Law School student, to testi…"

— Sandra Fluke

Law1981

#education

"Money doesn't make you confident, material things don't make you confident. Your work ethic makes you confident; your achievements make you confident. It's about setting goals, and it's about whether …"

— Erika Jayne

Music1971

#success

"The first thing I would like to point out is that each of us have a different purpose that we have to serve in the evolutionary scheme of things. We are not all equally endowed to do everything. When …"

— Jonas Salk

Medicine1914–1995

#philosophy

"There is a kind of travesty of humanity over there. Montgomery knows about it, for he interferes in their affairs. He has trained one or two of them to our service. He's ashamed of it, but I believe h…"

— H. G. Wells

Literature1866–1946

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