Rare Events famous quotes

Last updated: Sep 5, 2024

In the immediate postwar era, financial crises in advanced countries were rare events, and before 1970 did not happen at all. Since then they have occurred more often, and 2008 was the most damaging of them all to date. If we have moved back to a regime of regular financial crises - like the one we had from the 1870s to the 1930s - then our economic future will be very different from our recent past.
-- Alan M. Taylor

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So the world is much more correlated than we give credit to. And so we see more of what Nassim Taleb calls "black swan events" - rare events happen more often than they should because the world is more correlated.
-- Richard Thaler

#Swans #Rare Events #Giving

I have collected all the writings of the Empire and burnt those which were of no use.
That song is a story that shows how easily you could get slipped into being labeled as the bad guy, even though what you really trying to do is tell the bad guy to leave you alone.
I like the word bewilderment because it has both be and wild in it.
Most of the holiday movies I enjoy, like 'It's a Wonderful Life,' don't really involve Santa.
Moses freed the Jews. Lincoln freed the slaves. I freed the neurotics.
The secret of all victory lies in the organization of the non-obvious.
Retirement, it seems, is the final fling. The love boat, the trip-around-the-world.
I don't think taste is about money. As your career develops, you're able to decide what to spend your money on. I live in a really small apartment in London, and that's a choice. I live at The Carlyle in New York, but it's not big. It's about making choices of style over flashiness. People's style is subjective and mine happens to be around the classical because I feel comfortable with that, and because of my background. I'm probably living in the wrong time. I should have lived in the Thirties or the Fifties.
Be true to yourself and go with your instincts - don't be somebody you're not just to fit in.
[Social legislation] raised the cost of production; and what can be more illogical than to raise the cost of production in the country and then to allow the products of other countries which are not surrounded by any similar legislation, which are free from any similar cost and expenditure freely to enter our country in competition with our own goods...If these foreign goods come in cheaper, one of two things must follow...either you will take lower wages or you will lose your work.