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Numbers Quotes

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Numbers Quotes

“There are, of course, a number of epistemological questions, some of which lie more in the province of the philosopher than they do the economist or the social scientist. The one with which I am particularly concerned here is that of the role of knowledge in social systems, both as a product of the past and as a determinant of the future.”

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Author:Kenneth E. Boulding
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“It is almost as hard to define mathematics as it is to define economics, and one is tempted to fall back on the famous old definition attributed to Jacob Viner, "Economics is what economists do," and say that mathematics is what mathematicians do. A large part of mathematics deals with the formal relations of quantities or numbers.”

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Author:Kenneth E. Boulding
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“Animals struggle with each other for food or for leadership, but they do not, like human beings, struggle with each other for thatthat stands for food or leadership: such things as our paper symbols of wealth (money, bonds, titles), badges of rank to wear on our clothes, or low-number license plates, supposed by some people to stand for social precedence. For animals the relationship in which one thing stands for something else does not appear to exist except in very rudimentary form.”

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Author:S. I. Hayakawa
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“Had I not gone through the ordeal, in more than one country, of landing a job, I would he tempted to lose patience over the number of letters pouring in from fellows who want me or someone else to hand them a job on a silver platter with a guarantee that they will receive the wonderful promotion their talents warrant.... But a tragic number of young men and even older men have a notion that it is not up to them to prosecute the bettering process. They look to someone else to perform the trick for them.”

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Author:B. C. Forbes
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“A certain ultra-dignified gentleman of unusual prominence carried himself so stiffly that nobody felt free to call him by his first name. He quarreled with a friend of earlier days and from then on the two never spoke. The day the friend died an associate found the ultra-dignified gentleman staring through the window. When he came out of his reverie, he soliloquized with a sigh, ""He was the last to call me John."" Is any man really entitled to regard himself a success who has failed to inspire at least a goodly number of fellow mortals to greet him by his first name?”

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Author:B. C. Forbes
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“Employers, have you ever stopped to reckon what the goodwill of your workers is worth? ... In most large concerns it would be worth more in dollars and cents to have the goodwill of the working force than of those on the outside. It has been repeatedly demonstrated that the average working force is capable of increasing its production 25% or more whenever the workers fell so inclined. Workers animated by ill will cannot possibly give results equal to those of workers animated by goodwill. The tragic fact appears to be that a tremendous number of working forces are not so animated.”

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Author:B. C. Forbes
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“Vacations for wage earners have proved both popular with workers and profitable for employers. Unfortunately, the majority of large employers have not yet followed the example set by a number of progressive corporations. I don't know of a single company that has abandoned vacations for wage earners after having tried the experiment. But I do know many that are delighted with the fruits they have gathered. Under some of the plans vacations with pay must be earned by good behavior, punctuality, etc.... The best results have come where the treatment has been regarded as most liberal.”

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Author:B. C. Forbes
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“Finally, the illusions of validity and skill are supported by a powerful professional culture. We know that people can maintain an unshakeable faith in any proposition, however absurd, when they are sustained by a community of like-minded believers. Given the professional culture of the financial community, it is not surprising that large numbers of individuals in that world believe themselves to be among the chosen few who can do what they believe others cannot.”

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Book:Thinking, Fast and Slow
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“The number of managers with great track records in a given market depends far more on the number of people who started in the investment business (in place of going to dental school), rather than on their ability to produce profits.”

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Book:Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
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“Even with a margin of safety in the investor's favor, an individual security may work out badly. For the margin guarantees only that he has a better chance for profit than for loss - not that loss is impossible. But as the number of such commitments is increased the more certain does it become that the aggregate of the profits will exceed the aggregate of the losses.”

MayDoeCertainIndividualChanceLossNumbersImpossibleSecurityCommitmentSafetyInvestingProfitWork OutFavorsGuaranteesInvestorsExceedMargins
Author:Benjamin Graham
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“Unlike return, however, risk is no more quantifiable at the end of an investment that it was at its beginning. Risk simply cannot be described by a single number. Intuitively we understand that risk varies from investment to investment: a government bond is not as risky as the stock of a high-technology company. But investments do not provide information about their risks the way food packages provide nutritional data.”

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Author:Seth Klarman
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“To suppose that safety-first consists in having a small gamble in a large number of different companies where I have no information to reach a good judgment, as compared with a substantial stake in a company where one's information is adequate, strikes me as a travesty of investment policy.”

FirstsDifferentNumbersCompanyInformationPolicyJudgmentSafetyInvestmentInvestingStrikesStakesAdequateGambleLarge NumbersDiversificationGood JudgmentTravestySafety First
Author:John Maynard Keynes
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“I believe there are an infinite number of laws of the universe and that all progress or dreams achieved come from operating in a way that's consistent with them. These laws and the principles of how to operate in harmony with them have always existed. We were given these laws by nature. Man didn't and can't make them up. He can only hope to understand them and use them to get what he wants.”

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Author:Ray Dalio
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“In this moment she felt that she had been robbed of an enormous number of valuable things, whether material or intangible: things lost or broken by her own fault, things she had forgotten and left in houses when she moved: books borrowed from her and not returned, journeys she had planned and had not made, words she had waited to hear spoken to her and had not heard, and the words she meant to answer with. . . .”

MadeBookMomentsHouseLostLeftFeltLossAnswersNumbersHeardJourneyMaterialsBrokenMovedFaultsForgottenValuableDisasterEnormousBorrowedIntangibleValuable Things
Book:Flowering Judas and Other Stories: A Library of America eBook Classic
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“Next, take a look at the quality of the people who surround you. Do these people back you emotionally, or not? If they don't back you, are they at least passive? If not, get rid of them. Sometimes it is hard to drop off your mates at the great bus stop of life. But remember, your energy will only rise in direct relationship to the number of things you are able to get rid of - not to the things you acquire. By getting rid of things, attitudes, encumbrances, and blocks of one kind or another, things fly.”

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Book:The Trick to Money is Having Some
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“Probably the most dramatic change in pitching I've observed in my years in baseball has been the disappearance of the knockdown or brushback pitch. This is why record numbers of home runs are flying out of ballparks, why earned run averages are soaring, and why there are so few twenty game winners in the majors.”

YearsHas BeensHomeRunningGamesNumbersRecordsMajorsBaseballTwentiesAverageFlyingWinnerDramaticSoarPitchingHome RunDisappearanceBallparksDramatic Change
Author:Frank Robinson
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“Is it not clear that to give to such women as desire it and can devote themselves to literary and scientific pursuits all the advantages enjoyed by men of the same class will lessen essentially the number of thoughtless, idle, vain and frivolous women and thus secure the [sic] society the services of those who now hang as dead weight?”

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Book:The Feminist Thought of Sarah Grimké
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“While ants exist in just the right numbers for the rest of the living world, humans have become too numerous. If we were to vanish today, the land environment would return to the fertile balance that existed before the human population explosion. Only a dozen or so species, among which are the crab louse and a mite that lives in the oil glands of our foreheads, depend on us entirely. But if ants were to disappear, tens of thousands of other plants and animal species would perish also, simplifying and weakening land ecosystems almost everywhere.”

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Author:E. O. Wilson
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“The most important, the longest lasting, the strongest emotional, and the most practiced memories are the ones that are embedded the deepest in the brain, and because we have retrieved them so many times previously, they are the most able to be retrieved. We all hear about people who can remember their youth, their phone number, or street address from 70 years ago, but they cannot recall what they had for breakfast. The memory of this morning's breakfast wasn't rehearsed, and wasn't very important, so it fades away quickly.”

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Author:Daniel Levitin
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“lovers, it is well known, carry the art of tautology to its utmost perfection, and even the most impatient of them can both bear to hear and repeat the same things times without number, till the sound becomes the echo to the sense or the nonsense previously uttered.”

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Book:The inheritance, by the author of Marriage. By the author of 'Marriage'. Revised by the author
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“The message to organizations is this: You have to increase the number of categories of contributing, or the types of career paths, which people can experience as successful. You cannot restrict esteem to the fewer and fewer who will be climbing up the management ladder. You need to have the majority of your people feeling like winners.”

PeopleNeedsFeelingsNumbersCareersPathSuccessfulTypeMessagesOrganizationIncreaseManagementMajorityEsteemWinnerCategoriesClimbingFewerLaddersContributingCareer PathClimbing Up
Author:Judith M Bardwick
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“To make our position clearer, we may formulate it in another way. Let us call a proposition which records an actual or possible observation an experiential proposition. Then we may say that it is the mark of a genuine factual proposition, not that it should be equivalent to an experiential proposition, or any finite number of experiential propositions, but simply that some experiential propositions can be deduced from it in conjunction with certain other premises without being deducible from those other premises alone.”

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Author:A.J. Ayer
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