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Doubt Quotes

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Doubt Quotes

“The four most dangerous words in finance are 'this time is different.' Thanks to this masterpiece by Carmen Reinhart at the University of Maryland and Kenneth Rogoff of Harvard, no one can doubt this again. . . . The authors have put an immense amount of work into collecting the data financial institutions needed if they were to have any chance of making quantitative risk management work.”

“People sometimes try to score debating points by saying, Evolution is only a theory. That is correct, but it's important to understand what that means. It is also only a theory that the world goes round the Sun - it's just a theory for which there is an immense amount of evidence. There are many scientific theories that are in doubt. Even within evolution, there is some room for controversy. But that we are cousins of apes and jackals and starfish, let's say, that is a fact in the ordinary sense of the word.”

“The determination of the value of an item must not be based on its price, but rather on the utility it yields. The price of the item is dependent only on the thing itself and is equal for everyone; the utility, however, is dependent on the particular circumstances of the person making the estimate. Thus there is no doubt that a gain of one thousand ducats is more significant to a pauper than to a rich man though both gain the same amount.”

“Yet even the rich have their own kind of suffering, anxiety, doubt, and fear. So in many cases, wealthy people aren't happy! And once those with material wealth encounter small difficulties, their amount of mental suffering is sometimes bigger than it is for those who have faced such difficulties every day.”

“There exists in society a very special class of persons that I have always referred to as the Believers. These are folks who have chosen to accept a certain religion, philosophy, theory, idea or notion and cling to that belief regardless of any evidence that might, for anyone else, bring it into doubt. They are the ones who encourage and support the fanatics and the frauds of any given age. No amount of evidence, no matter how strong, will bring them any enlightenment. They are the sheep who beg to be fleeced and butchered, and who will battle fiercely to preserve their right to be victimized.”