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Median Quotes

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Median Quotes

“Early in the speech, when Sanzite had been describing the impressive gains in average income, a man had stood up and shouted “What About the Median?” That man had been quickly suppressed, and Sanzite had continued. A few minutes later, Sanzite had moved on to the extraordinary increases in average life expectancy, when dozens of people began the chant. “What about the Median? What about the Median? What about the Median?” Clearly the screening process for attendees had massively failed. The infoterrorists had somehow brought in materials to cement themselves to the fixed theater chairs, so removing them was slow. And worst of all had been Sanzite’s mistake. “Seems everybody’s a statistician these days,” he quipped into the live microphone, and inadvertently coined the name of a new movement. The version seen by over ninety nine percent of viewers was sanitized, but the damage had been done. Recordings of Sanzite’s remark, with the chant in the background, still surfaced from time to time.”

“The median family of four ... paid $4,722 in federal taxes last year. That's enough to pay for a new curtain for the secretary of commerce's office, to bribe a farmer not to plant 38 acres with corn ... seven weeks of salary for a Customs man assigned to save us from the terror of high-quality, low priced foreign TV sets, or the subsidy on 6,000 bushels of wheat to prop up the Soviet regime. Surely civilization would collapse without such essential services.”

“Man is at his furthest remove from the animal as a child, his intellect most human. With his fifteenth year and puberty he comes astep closer to the animal; with the sense of possessions of his thirties (the median line between laziness and greediness), still another step. In his sixtieth year of life he frequently loses his modesty as well, then the septuagenarian steps up to us as a completely unmasked beast: one need only look at the eyes and the teeth.”

“Once a price move exceeds its median historical age, any method you use to analyze the market, whether it be fundamental or technical, is likely to be far more accurate. For example, if a chartist interprets a particular pattern as a top formation, but the market is only up 10% from the last low, the odds are high that the projection will be incorrect. However, if the market is up 25% to 30%, then the same type of formation should be given a great deal more weight.”

“If one sentence were to sum up the mechanism driving the Great Stagnation, it is this: Recent and current innovation is more geared to private goods than to public goods. That simple observation ties together the three major macroeconomic events of our time: growing income inequality, stagnant median income, and the financial crisis.”

“All the equity investors, in total, will surely bear a performance disadvantage per annum equal to the total croupiers' costs they have jointly elected to bear. This is an inescapable fact of life. And it is also inescapable that exactly half of the investors will get a result below the median result after the croupiers' take, which median result may well be somewhere between unexciting and lousy.”

“This is a critical time in American history. [Donald's Trump] strength is willingness to stand up to political conventions, take on Republican and Democrat leaders, and, in effect, do so in defense of the legitimate interest of people who make less than median income in America, is the key to victory.”

“The CEO announces that the purpose of the firm is to improve the lives of the customers and the lives of the firm's stakeholders and the quality of the planet. The company will give fair compensation to all the stakeholders and the CEO will not earn more than 20 times the median income of his employees. He will want his employees to rate him, just as he also has to rate them.”

“There is a small minority of well-educated people with relatively sensible views on economics, and an extremely tiny minority of economists with highly sensible views. Then there's everybody else. ... To win, a politician needs to please the median voter. It makes little difference if a few thousand economists think you a fool.”