"Samuelson spotted a mistake in Bacheliers work. Bachelier's model had failed to consider that stock prices cannot fall below zero."

--

Source : William Poundstone (2010). “Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street”, p.122, Macmillan

William Poundstone

#Zero Quotes #Mistake Quotes #Fall Quotes

“Cliches are what make you understand something.”
“Happy people learn that happiness, like sweat, is a by-product of activity.”
“People cannot win against their loneliness because loneliness is this worldâ€™s worst kind of pain.”
“My childhood, I wouldn't say it was bad. It helped me grow up. I stayed out of trouble. My parents taught me what's wrong and right, and knowing that I had a little brother following me, I had to make sure I was doing the right thing so he knows what's right, too. I was in the house nine days out of 10. There wasn't nothing good outside for me.”
“You have to be able to step up when your name is called.”
“A beautiful eyelash is an important adjunct to the eye. The lashes may be lengthened by trimming them occasionally in childhood. Care should be taken that this trimming is done neatly and evenly, and especially that the points of the scissors do not penetrate the eye.”

Source : Eliza Bisbee Duffey (1877). “The Ladies' and Gentlemen's Etiquette: A Complete Manual of the Manners and Dress of American Society. Containing Forms of Letters, Invitations, Acceptances and Regrets. With a Copious Index”
“Five heads are definitely better than one when they're thinking in the same perspective. I think that you really need to have people that you trust. And for me, trust comes from that synchronizing, that same-mindedness.”
“You know, the hard thing about audiences not liking what a character does is that they sometimes take it out on the actor personally. That's something that you know when you become an actor or actress, but it's always hard to deal with when it actually happens.”

Source : "Biography / Personal Quotes". www.imdb.com.

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