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Probability Quotes

Browse 544 quotes about Probability.

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Probability Quotes

“Anyone who dares to speak about an aether is regarded as an ignorant and backward mind and he can only lose his credibility in scientific circles, although in reality those who criticize him use the same concept of intermediate medium in other words, whether it be fields, an associated fluid, a probability fluid, a pilot fluid, a quantum fluid, etc.”

MindUseRealitySpeakLosesFieldsConceptsDareCirclesIgnorantMediumsEtcCriticizePilotsQuantumProbabilityCredibilityFluid
Author:Maurice Allais
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“People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward. The number of mistakes I have made are just awesome. There is no number large enough to account for that.”

PeopleMadeEnoughCausesCan DoRealizingNumbersMistakeCareersSuccessfulAccountsStartingProbabilityForecastsSuccessful Career
Author:Alan Greenspan
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“Mrs. Boffin, insisting that Bella should make tomorrow's expedition in the chariot, she went home in great grandeur. Mrs. Wilfer and Miss Lavinia had speculated much on the probabilities and improbabilities of her coming in this gorgeous state, and, on beholding the chariot from the window at which they were secreted to look out for it, agreed that it must be detained at the door as long as possible, for the mortification and confusion of the neighbours.”

ShouldLooksLongStatesHomeFunnyDoorsMissingTomorrowHumorousWindowConfusionProbabilityGorgeousNeighbourGrandeurInsistingExpeditionsChariotsMortificationImprobabilityLavinia
Book:Our Mutual Friend: Easyread Edition
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“All empty souls tend to extreme opinion. It is only in those who have built up a rich world of memories and habits of thought that extreme opinions affront the sense of probability. Propositions, for instance, which set all the truth upon one side can only enter rich minds to dislocate and strain, if they can enter at all, and sooner or later the mind expels them by instinct.”

IfsWorldMindSoulSidesMemoriesOpinionRichHabitBuiltEmptyInstinctExtremesInstanceSooner Or LaterProbabilityPropositionsStrainAffrontEmpty Souls
Book:Autobiographies: The Collected Works of W.B. Yeats
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“Crushed to earth and rising again is an author's gymnastic. Once he fails to struggle to his feet and grab his pen, he will contemplate a fact he should never permit himself to face: that in all probability books have been written, are being written, will be written, better than anything he has done, is doing, or will do.”

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Author:Fannie Hurst
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“The source of Pyrrhonism comes from failing to distinguish between a demonstration, a proof and a probability. A demonstration supposes that the contradictory idea is impossible; a proof of fact is where all the reasons lead to belief, without there being any pretext for doubt; a probability is where the reasons for belief are stronger than those for doubting.”

IdeasReasonFactsBeliefDoubtImpossibleFailingSourceStrongerProofProbabilityContradictoryDemonstrationPretext
Author:Andrew Michael Ramsay
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“I have been too long acquainted with human nature to have great regard for human testimony; and a very great degree of probability, supported by various concurrent circumstances, conspiring in one point, will have much greater weight with me, than human testimony upon oath, or even upon honour; both of which I have frequently seen considerably warped by private views.”

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Book:Lord Chesterfield's Letters
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“The approach and strategies are very similar in that you gather all the information you can and then keep adding to that base of information as things develop. You do whatever the probabilities indicated based on the knowledge that you have at that time, but you are always willing to modify your behaviour or your approach as you get new information. In bridge, you behave in a way that gets the best from your partner. And in business, you behave in the way that gets the best from your managers and your employees.”

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Author:Warren Buffett
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“The risk of an investment is described by both the probability and the potential amount of loss. The risk of an investment-the probability of an adverse outcome-is partly inherent in its very nature. A dollar spent on biotechnology research is a riskier investment than a dollar used to purchase utility equipment. The former has both a greater probability of loss and a greater percentage of the investment at stake.”

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Author:Seth Klarman
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“Rather, risk is a perception in each investor's mind that results from analysis of the probability and amount of potential loss from an investment. If an exploratory oil well proves to be a dry hole, it is called risky. If a bond defaults or a stock plunges in price, they are called risky. But if the well is a gusher, the bond matures on schedule, and the stock rallies strongly, can we say they weren't risky when the investment after it is concluded than was known when it was made.”

IfsMindWellsMadeLossResultsKnownRiskAmountProvePerceptionInvestmentInvestingOilHolesAnalysisDryInvestorsSchedulesProbabilityPlungeDefault
Author:Seth Klarman
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“motivation is highest when the probability of success is 50 percent: We don't get involved if the task is too easy or too hard.”

IfsHardMotivationEasyInvolvedHighestPercentTasksProbabilityGet Involved
Book:Danger in the Comfort Zone: From Boardroom to Mailroom--how to Break the Entitlement Habit That's Killing American Business
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“Evil grows and bears fruit, which is understandable, because it has logic and probability on its side and also, of course, strength. The resistance of tiny kernels of good, to which no one grants the power of causing far-reaching consequences, is entirely mysterious, however. Such seeming nothingness not only lasts but contains within itself enormous energy which is revealed gradually.”

LastsCoursesEvilEnergyGrowsSidesBearsConsequenceLogicFruitTinyEnormousResistanceMysteriousReachingGrantsNothingnessProbabilitySeemingKernel
Author:Czeslaw Milosz
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“Very few people would choose to have even the most fabled assortment of goods if it meant getting cancer within the year. But the choice involves not the certainty of cancer very soon but an increased probability of cancer at some time in the future. The cancers are no less real; millions will die painfully and prematurely because of what we do to our environment. But the choice is not an easily visualizable one, and our capacity of denial comes strongly into play - as it tends to whenever we must weigh future costs against immediate benefits.”

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Author:Paul L Wachtel
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“Time Management Tips: One can make a radar-like sweep of the horizon to identify time and task challenges while these are still manageable and while we still have a choice. The organizational adage, "the more parts, the more trouble," also applies to words. Multiplying words may actually multiply the probability of being misunderstood; economies in expression (without being taciturn or aloof) not only save time, but usually are more honest and more clear.”

MayStillsChoicesChallengesEconomyClearTroubleHonestExpressionTasksManagementHorizonTime ManagementProbabilityMisunderstoodAdagesRadarOrganizationalAloofManageableMultiplyingBeing MisunderstoodTaciturn
Author:Neal A. Maxwell
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