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“The optimum portfolio depends on the various expectations of choices available and the degree of variance in performance which is tolerable. The greater the number of selections, the less will be the average year-to-year variation in actual versus expected results. Also, the lower will be the expected results, assuming different choices have different expectations of performance.”

“It is difficult to understand why statisticians commonly limit their inquiries to Averages, and do not revel in more comprehensive views. Their souls seem as dull to the charm of variety as that of the native of one of our flat English counties, whose retrospect of Switzerland was that, if its mountains could be thrown into its lakes, two nuisances would be got rid of at once.”

“In the Washington soft money game, big business and big labor are accomplices working together to protect the mushy middle of big government, with plenty of special interest plums: Big unions get big spending and big business gets corporate welfare and special tax breaks - all at the expense of average Americans.”

“We need to invade Michigan and rebuild the state from the ground up. We will be greeted as liberators, we have clear supply lines, and we can easily rebuild the auto industry with the kind of money we spend on other countries we invade. Hell, our new Secretary of State, Hillary of Clinton, spent the better part of the past year fighting for the rights of average folks from Michigan, so think of the good will we have with the public. This is very doable. Just tell Congress we will give KBR no-bid contracts to fix Detroit.”

“It's unfortunate when an athlete's talent comes with so little forethought or leadership [...] The Falcons need to start over. If next year's team ends up being young and hungry but fairly average, the last thing you want as a general manager or coach is to have a blowhard cornerback whining about his contract leading the charge, no matter how good he is.”

“Just look at that Forbes 400. Takes a billion three to get on the Forbes 400 this year. And the aggregate wealth is just staggering. And those people are paying less percentage of their total income to the federal government than their receptionists are. [...] I'll bet a million dollars against any member of the Forbes 400 who challenges - me that the average for the Forbes 400 will be less than the average of their receptionists.”

“Americans are curious about the texture of everyday life in the Middle East because they rarely get to see it. I wanted readers to feel like they were sitting around the dinner table with me and my friends, hearing what average people really say and really think, [where] the dinner table is the best place to find out.”

“The fact is, though, what I think we really like is Marlon Brando, Al Pacino, Robert De Niro and James Gandolfini. We like what the media has created of the mob bosses in movies and TV and books, because it's something the average person never comes into contact with, it's almost as outwardly outlandish as a sexy vampire, and so we can romanticize it, it's non-threatening.”

“We use the Air Force analogy: there were expensive things they had to do to get a cockpit suitable for a lot of pilots, like wraparound windshields, but their initial solutions, when they realized average didn't work, were adjustable seats. How in the world did they not already have adjustable seats in their planes? We're looking for adjustable seats for education, for basic things that we can do.”

“What's great is we actually have friends who belong or have previously belonged to the Amish community, so we got first hand stories and I was able to talk with them about visitors and visiting the Amish country. It was very enlightening to think this is very much going on as we speak. What was really interesting was that the upcoming Amish generation is actually closer to average American teenager in their use of the English language because of the use of technology.”

“When I was trying to figure out why lives have improved so much in the last 300 years, where we've gone from a third of kids dying before 5 to - by 1990 it was down to 10% - now it's down to 5%. And saying why, over all history, there were smart people, but that number didn't change. Average life span didn't change. What's magical about what's been deemed the Industrial Revolution? It's really energy intensity.”

“While it is almost certainly true that leaders ought to eat last, the evidence on the ever-widening difference between CEO and average employee pay and the enormous severance packages leaders obtain even as front-line workers see their economic well-being eviscerated makes a mockery of the idea that leaders do anything other than take care of themselves.”

“One of the things that got me on this topic for this book was that when I was researching the column I wrote in 2009 saying that I was stepping down from my column at "Newsweek" because I wanted to make room for newer, fresh voices out there, I discovered that in the year I was born, 1952, the average life expectancy of an American was 68. I was shocked by that figure and every time I mention it I hear a gasp from somebody in the crowd. Now, of course, we're more or less at 80, so that means that we've gotten 12 additional years.”