"At the core of an analytical edge is an ability to systematically distinguish between fundamentals and expectations. Fundamentals are a well thought out distribution of outcomes, and expectations are what's priced into an asset. A power metaphor is the [pari-mutuel] racetrack. The fundamentals are how fast a given horse will run and the expectations are the odds on the tote board. As any serious handicapper knows, you make money only by finding a mispricing between the performance of the horse and the odds. There are no 'good' or 'bad' horses, just correctly or incorrectly priced ones."

-- Michael Mauboussin

#Running Quotes #Horse Quotes #Odds Quotes

“I've done many different movies in many different contexts.”
“No longer should women be denied the right to vote, no longer should women be treated as second class citizens, no longer should women not be allowed to be a citizen at all.”
“One of the greatest abilities is to be able to take criticism”
“I grew up with nothing - I remember sometimes not having shoes.”
“When I was 13 they were saying your album won't come out until your sweet 16. I felt really frustrated because that felt like forever from then and I felt like I was ready then. Looking back I wasn't ready.”
“A great artist can paint a great picture on a small canvas.”

Source : Charles Dudley Warner (2012). “Washington Irving”, p.90, tredition
“I took up French boys and wine and I studied psychology.”

Source : "Biography / Personal Quotes". www.imdb.com.
“Laughter and happiness is what life should be about, thatâ€™s your remedy for everything.”

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