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Discipline Quotes

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Discipline Quotes

“The term "informatics" was first defined by Saul Gorn of University of Pennsylvania in 1983 (Gorn, 1983) as computer science plus information science used in conjunction with the name of a discipline such as business administration or biology. It denotes an application of computer science and information science to the management and processing of data, information and knowledge in the named discipline.”

“Holland's and Kauffman's work, together with Dawkins' simulations of evolution and Varela's models of autopoietic systems, provide essential inspiration for the new discipline of artificial life, This approach, initiated by Chris Langton (1989, 1992), tries to develop technological systems (computer programs and autonomous robots) that exhibit lifelike properties, such as reproduction, sexuality, swarming, and co-evolution.”

“If you look at the last 150 years, about every 30 years or so, a new scientific discipline emerges that starts spinning out technologies and capturing people's imaginations. Go back to 1900: That industry was chemistry. People had chemistry sets. In the 1930s, it was the rise of physics and physicists. They build on each other. Chemists laid the experimental understanding for the physicists to build their theories. It was three physicists who invented the transistor in 1947. That started the information revolution. Today, kids get computers.”

“Value investing is simple to understand but difficult to implement. Value investors are not supersophisticated analytical wizards who create and apply intricate computer models to find attractive opportunities or assess underlying value. The hard part is discipline, patience, and judgment. Investors need discipline to avoid the many unattractive pitches that are thrown, patience to wait for the right pitch, and judgment to know when it is time to swing.”