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Chance Quotes

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Chance Quotes

“Fate knows all about you, it knows your fears and your weaknesses and your confidences and strengths, and it can be ready for all of them when it decides that the time is right. It can move you like a pawn in a terrible game of chess, sacrifice you for the good of others, drop you from a building you should never have been inside, give you a disease that no one has ever heard of. Luck and chance are impartial. Fate is active. It picks on people. Almost as if it thinks about things too much.”

“Strictly speaking, one cannot legislate love, but what one can do is legislate fairness and justice. If legislation does not prohibit our living side by side, sooner or later your child will fall on the pavement and I'll be the one to pick her up. Or one of my children will not be able to get into the house and you'll have to say, "Stop here until your mom comes here." Legislation affords us the chance to see if we might love each other.”

“People would be a lot more skeptical if they understood that there is an incredible amount of chance in the results that you observe for active managers. So the distribution of outcomes is enormously wide - but that's exactly what you'd expect by chance with lots of active managers who hold imperfectly diversified portfolios. The really good portfolios contain a lot of really lucky picks, and the really bad portfolios contain a lot of really unlucky picks as well as some really bad ones.”