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

--

Source : William Poundstone (2010). “Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street”, p.297, Macmillan

William Poundstone

#Return Quotes #Tails Quotes #Sensitive Quotes

“When I wear the national team shirt, its sole contact with my skin makes it stand on an end.”
“Everyone's relationships are very different, and very specific. I guess that's why there are people that like to watch this show [Suits]. It's not all the same.”
“We live thinking we will never die, We die thinking we have never lived”
“I'm really good at mini-golf. You know, maybe not big person golf, but little person golf.”
“If you're powerful, you are much more likely to be blind and deaf to signals from outside.”
“I don't see why someone should lose their life just so you can have a snack.”
“The business of philosophy is to circumnavigate human nature.”

Source : Julius Charles Hare, Augustus William Hare (1861). “Guesses at Truth, by Two Brothers: From the Fifth London Ed”, p.434
“She's an idiot. She's looking at life through a selfish, lusty haze.”

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