“Black-Scholes is a know-nothing system. If you know nothing about value - only price - then Black-Scholes is a pretty good guess at what a 90-day option might be worth. But the minute you get into longer periods of time, it's crazy to get into Black-Scholes. For example, at Costco we issued stock options with strike prices of $30 and $60, and Black-Scholes valued the $60 ones higher. This is insane.” IfsKnowsMightValuesBlackCrazyMinutesExampleHigherPeriodsStrikesInsaneScholesCostcoStock Options Author:Charlie Munger
“If we had had time and the occasion to develop a new socialism in the GDR, socialism with a human face, with democracy, this might have been an example also to West Germany. The development would have run the other way.” IfsWayHumansHas BeensMightRunningFacesDemocracyExampleDevelopmentWestSocialismOccasionsGermanyMight Have BeenHuman FacesWest Germany Author:Stefan Heym
“The suffering and calamity are, moreover, exceptional. They befall a conspicuous person. They are themselves of some striking kind. They are also, as a rule, unexpected, and contrasted with previous happiness or glory. A tale, for example, of a man slowly worn to death by disease, poverty, little cares, sordid vices, petty persecutions, however piteous or dreadful it might be, would not be tragic in the Shakespearean sense.” MenKindLittlesPersonsMightCareSufferingPovertyExampleDiseaseGloryVicesTalesUnexpectedTragicWornPersecutionPettyExceptionalCalamity Book:Shakespearean Tragedy Source: Shakespearean Tragedy
“I am open to [the notion of theistic revelation], but not enthusiastic about potential revelation from God. On the positive side, for example, I am very much impressed with physicist Gerald Schroeder's comments on Genesis 1. That this biblical account might be scientifically accurate raises the possibility that it is revelation.” MightSidesExamplePossibilityAccountsRaisesNotionRevelationsCommentAccurateBiblicalImpressedPhysicistEnthusiasticGenesis Author:Antony Flew
“That being said, some of my favorite poets are extremely funny. The aforementioned Matt Rohrer, for instance. Mary Ruefle. James Tate might be the best example of someone who is systematically misread because he can be hilarious. In his poems, as in all great funny poems, the humor is one very appealing version of the surprise and associative movement that is at the heart of all poetry.” HeartSaidMightExampleMovementPoetSurpriseMy FavoriteVersionsInstanceBeing The BestMaryExtremely Funny Author:Matthew Zapruder
“There are kinds of unity other than those of the explicit and systematic unity that Poole is attacking. There are kinds of movement - in music or athletics, for example - that present themselves as having a certain unity about them. In some sphere we might talk about 'style'.” KindMightCertainStyleExampleMovementUnitySpheresAttackingAthleticsSystematicExplicit Author:George Pattison
“In ordinary life, the phenomenology of embodied emotions is an excellent example for dynamic changes between transparency and opacity: You can "directly perceive" that your wife is cheating you, or you can become aware of the possibility that maybe it is you who has a problem, that your "immediate" emotional representation of social reality might actually be a misrepresentation.” ProblemRealityMightSocialEmotionWifeExamplePossibilityEmotionalOrdinaryExcellentPerceiveCheatingRepresentationTransparencyOrdinary LifePhenomenologyMisrepresentation Author:Thomas Metzinger
“There are, however, composers whose music can only be heard in a chromatic sense. George Perle, for example, wrote pieces that you might think of as leaning in a tonal direction but it's very hard to register a pitch as, say, the sixth degree of a scale, whereas in much of my music I think that's often relatively easy to do.” ThinkingHardMightEasyPiecesHeardExampleDegreesScalesComposerRegisterLeaning In Author:Paul Lansky
“If you move here from somewhere else, I often think if I move to Germany, for example, or if I move China and I go worship there I will understand and I'll be willing to give up a lot of my culture because I'm in somebody else's homeland. So I'm going to have to act German or Chinese, whatever that might mean.” IfsThinkingGivingMeanMightMovingCultureExampleWillingGiving UpWorshipChinaChineseGermanySomewhere ElseHomeland Author:Michael Emerson
“It used to be thought that only a certain kind of virus could get into our genome and it's called a retrovirus and that's a virus that might be HIV for example.” KindMightUsedCertainExampleUsed To BeVirusesHivGenome Author:Carl Zimmer
“Since life on Earth is, so far, the only known example of life in the universe, our dilemma may simply be that we have no other examples to compare us with. If we did, then the life/non-life transition might look downright simple to us.” IfsLooksMayMightEarthUniverseSimpleKnownExampleCompareTransitionDilemma Author:Neil deGrasse Tyson
“A wholesome family is one where there is a lot of love. It's living by example. It's acceptance of people at their core, but it's also pushing each other to be our best selves and try things we might not be good at.” PeopleTryingSelfMightExampleAcceptanceBe GoodCorePushingBest SelfPushing Each Other Author:Daphne Oz
“I think that crowdfunding has become such a powerful tool to tell stories that might not find financing otherwise - like a dark comedy about infidelity, for example!” ThinkingStoriesMightDarkPowerfulComedyExampleToolsInfidelityFinancingDark ComedyCrowdfunding Author:Kit Williamson
“For any species to change, if they are unable and are unwilling to do so - I might, for example, have suggested to the dinosaurs that heavy armor and great size was a sinking ship, and that they do well to convert to mammal facilities - it would not lie in my power or desire to reconvert a reluctant dinosaur.” IfsWellsMightLyingDesireExampleSpeciesSizeHeavyShipsFacilityUnwillingArmorDinosaursReluctantSinkingMammals Author:William S. Burroughs
“Were money no object, we could have a dedicated door-opener-and-closer on all trains. But in the real world, train drivers in different countries have a wide range of responsibilities. On rural routes in Scandinavia, for example, you might find the driver selling you the ticket as well as operating the doors, helping disabled passengers, handling parcels and driving the train.” WorldWellsDifferentRealCountryHelpingMightResponsibilityDoorsExampleObjectsTrainWideDrivingSellingRangeDriversReal WorldDedicatedTicketsRoutesDisabledPassengersParcelDifferent CountriesScandinavia Author:Simon Calder
“It's like the query letter problem that I just mentioned, magnified a hundredfold. You might be good at telling a story, but that doesn't mean you know anything about marketing. Or layout. Or editing. Or publicity. Or selling your books for foreign markets.Everyone can point to a few examples of people that have done very well for themselves self-publishing. But honestly, those folks are lucky as lottery winners.” PeopleKnowsWellsMeanBookSelfDoneStoriesProblemMightExampleLuckyLettersMarketingFolksBe GoodHonestlySellingWinnerPublishingEditingPublicityLotteryLayoutQueries Author:Patrick Rothfuss