“Rational behavior ... depends upon a ceaseless flow of data from the environment. It depends upon the power of the individual to predict, with at least a fair success, the outcome of his own actions. To do this, he must be able to predict how the environment will respond to his acts. Sanity, itself, thus hinges on man's ability to predict his immediate, personal future on the basis of information fed him by the environment.” MenAbleActionIndividualAbilityEnvironmentInformationDependsFutureBehaviorFairsFlowBasesRationalDataOutcomesFedsSanityHinges Book:future shock Source: future shock
“Events are never absolute, their outcome depends entirely upon the individual. Misfortune is a stepping stone for a genius, a piscina for a Christian, a treasure for a man of parts, and an abyss for a weakling.” MenChristianIndividualEventsDependsGeniusStonesAbsolutesTreasureCertaintyOutcomesMisfortunesAbyssStepping Stones Author:Honore de Balzac
“And the reason is found in the first lie - the lie which you hold as the truth about God - that God cannot be trusted; that God's love cannot be depended upon; that God's acceptance of you is conditional; that the ultimate outcome is thus in doubt. For if you cannot depend on God's love to always be there, on whose love can you depend? If God retreats and withdraws when you do not perform properly, will not mere mortals also?” IfsInspirationalFirstsReasonLyingFoundReligiousDoubtAcceptanceDependsUltimateMereMortalsOutcomesTrustedRetreatGod's LoveConditionalMere Mortals Author:Neale Donald Walsch
“In the financial markets, however, the connection between a marketable security and the underlying business is not as clear-cut. For investors in a marketable security the gain or loss associated with the various outcomes is not totally inherent in the underlying business; it also depends on the price paid, which is established by the marketplace. The view that risk is dependent on both the nature of investments and on their market price is very different from that described by beta.” DifferentLossViewsClearCuttingRiskSecurityDependsGainsConnectionsPaidInvestmentInvestingFinancialVariousOutcomesDependentInvestorsInherentMarketplaceFinancial MarketsBeta Author:Seth Klarman
“One's right to life, liberty, and property depends on the outcome of no election.” LibertyDependsElectionPropertyOutcomesRight To LifeVicissitudesLiberty Of Speech Author:Robert H. Jackson
“Markets work best when there's lots of information available and a historical track record to go on; they excel at predicting things like horse races, election outcomes, and box-office results. But they're bad at predicting things like who will be the next Supreme Court nominee, as that depends on the whim of the president.” NextPresidentResultsRaceRecordsInformationGoes OnDependsOfficeHorseElectionCourtHistoricalTrackBoxesAvailableSupremeOutcomesSupreme CourtWhimBox OfficePredictingTrack Record Author:James Surowiecki