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“My favorite word is clarity...clarity...clarity. And the critical clarity is what is the transformation that is going to take place in the customer's life or work when they buy and use your product? And how profound is that? How important is that? You know the old saying, "If you could come up with a cure for cancer you'd be a billionaire by the end of the week" because of that profound result.”

“Logic, too, also rests on assumptions that do not correspond to anything in the real world, e.g., on the assumption that there areequal things, that the same thing is identical at different points in time: but this science arose as a result of the opposite belief (that such things actually exist in the real world). And it is the same with mathematics, which would certainly never have arisen if it had been understood from the beginning that there is no such thing in nature as a perfectly straight line, a true circle, and absolute measure.”

“That reality is 'independent' means that there is something in every experience that escapes our arbitrary control. If it be a sensible experience it coerces our attention; if a sequence, we cannot invert it; if we compare two terms we can come to only one result. There is a push, an urgency, within our very experience, against which we are on the whole powerless, and which drives us in a direction that is the destiny of our belief.”

“But if you should take the bond of goodwill out of the universe no house or city could stand, nor would even the tillage of the fields abide. If that statement is not clear, then you may understand how great is the power of friendship and of concord from a consideration of the results of enmity and disagreement. For what house is so strong, or what state so enduring that it cannot be utterly overthrown by animosities and division?”

“I have often been asked to be fair and view a matter from all sides. I did so, hoping that something might improve if I viewed allsides of it. But the result was the same. So I went back to viewing things only from one side, which saves me a lot of work and disappointment. For it is comforting to regard something as bad and to be able to use one's prejudice as an excuse.”

“Fantasy works inwards upon its author, blurring the boundary between the visioned and the actual, and associating itself ever moreclosely with the Ego, so that the child who has fantasied himself a murderer ends by becoming a Loeb or a Leopold. The creative Imagination works outwards, steadily increasing the gap between the visioned and the actual, till this becomes the great gulf fixed between art and nature. Few writers of crime-stories become murderers--if any do, it is not the result of identifying themselves with their murderous heroes.”

“The attempt to be an ideal parent, that is, to behave correctly toward the child, to raise her correctly, not to give to little ortoo much, is in essence an attempt to be the ideal child--well behaved and dutiful--of one's own parents. But as a result of these efforts the needs of the child go unnoticed. I cannot listen to my child with empathy if I am inwardly preoccupied with being a good mother; I cannot be open to what she is telling me.”

“However the machine would permit us to test the hypothesis for any special value of n. We could carry out such tests for a sequence of consecutive values n=2,3,.. up to, say, n=100. If the result of at least one test were negative, the hypothesis would prove to be false; otherwise our confidence in the hypothesis would increase, and we should feel encouraged to attempt establishing the hypothesis, instead of trying to construct a counterexample.”

“VOTE!!! Remember what the suffragists said when they finally won their long hard battle to get us the right to vote, knowing that they probably would never get to exercise the right or see the results; they said, 'this is not for ourselves alone.' It was for us and every generation of women to come. If we don't vote, we are ignoring history and giving away the future.”

“A … difference between most system-building in the social sciences and systems of thought and classification of the natural sciences is to be seen in their evolution. In the natural sciences both theories and descriptive systems grow by adaptation to the increasing knowledge and experience of the scientists. In the social sciences, systems often issue fully formed from the mind of one man. Then they may be much discussed if they attract attention, but progressive adaptive modification as a result of the concerted efforts of great numbers of men is rare.”

“The so-called ‘crank’ may be quite original in his ideas. … Invention, however, in the engineering sense involves originality; but not that alone, if the results are to be of value. There is imagination more or less fertile, but with it a knowledge of what has been done before, carried perhaps by the memory, together with a sense of the present or prospective needs in art or industry. Necessity is not always the mother of invention. It may be prevision.”

“It's just about pushing yourself to realms that are uncharted. I love to get to that place where I don't know what kind of music I'm doing, I don't know if it's any good, I don't know if it's anything. It's a big question mark. The idea is to have interesting results. That's my bottom line. Not just a creative fantasy world or something like that, but a mood too.”

“A child is nothing like a racing car. . . . Souping up babies doesn't work that way. The child is what she is. There is a certainirreducible if elusive core. Pushing, pulling, stretching, and shrinking will not really change it. There may be spectacular interim results. The baby may say the alphabet before she walks, master two-times or even ten-times table at three. In the long run, however, this forced precocity tends to be irrelevant. . . . Whatever gains there are become unimportant. The losses can be irrevocable.”

“Very few women have become famous for being who they actually are, nuanced and imperfect. When honesty happens, it's usually couched in self-ridicule or self-help. Dunham doesn't apologize like that-she simply tells her story as if it might be interesting. The result is shocking and radical because it is utterly familiar. Not That Kind of Girl is hilarious, artful, and staggeringly intimate; I read it shivering with recognition.”

“A compassionate attitude opens our inner door, and as a result it is much easier to communicate with others. If there is too much self-centered attitude, then fear, doubt and suspicion come and as a result our inner door closes. Then it is very difficult to communicate with others.”

“Fantasy is a product of thought, Imagination of sensibility. If the thinking, discursive mind turns to speculation, the result isFantasy; if, however, the sensitive, intuitive mind turns to speculation, the result is Imagination. Fantasy may be visionary, but it is cold and logical. Imagination is sensuous and instinctive. Both have form, but the form of Fantasy is analogous to Exposition, that of Imagination to Narrative.”

“Has your work become very easy? Do you find you can do it with little effort? Has it ceased to impose any strain or fatigue upon you? Do you no longer feel loss of vitality after a long spell of it? Can you now do it as easy as water rolls off a duck's back? If so, look out! Do some stock-taking. Examine your output.... Work done with little effort is likely to yield little result. Every job can be done excellently or indifferently. Excellence necessitates effort-hard, sustained, concentrated effort.”

“A young financial writer once brought ridicule upon himself by stating that a certain company had nothing to commend it except excellent earnings. Well, there are companies whose earnings are excellent but whose stocks I would never recommend. In selecting investments, I attach prime importance to the men behind them. I'd rather buy brains and character than earnings. Earnings can be good one year and poor the next. But if you put your money into securities run by men combining conspicuous brains and unimpeachable character, the likelihood is that the financial results will prove satisfactory.”

“The greatest successes grow out of great failures. In numerous instances the result is better that comes after a series of abortive experiences than it would have been if it had come at once; for all these successive failures induce a skill which is so much additional power working into the final achievement.... The hand that evokes such perfect music from the instrument has often failed in its touch, and bungled among the keys.... Every disappointed effort fences in and indicates the only possible path of success, and makes it easier to find.”

“People would be a lot more skeptical if they understood that there is an incredible amount of chance in the results that you observe for active managers. So the distribution of outcomes is enormously wide - but that's exactly what you'd expect by chance with lots of active managers who hold imperfectly diversified portfolios. The really good portfolios contain a lot of really lucky picks, and the really bad portfolios contain a lot of really unlucky picks as well as some really bad ones.”

“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.”

“As a result of overdiversification, their (active managers) returns get watered down. Diversification covers up ignorance. Active managers haven't done enough research into any of their companies. If managers have 200 positions, do you think they know what's going on at any one of those companies at this moment?”

“We are convinced that the intelligent investor can derive satisfactory results from pricing of either type (market timing or fundamental analysis via price). We are equally sure that if he places his emphasis on timing, in the sense of forecasting, he will end up as a speculator and with a speculator's financial results." And "The speculator's primary interest lies in anticipating and profiting from market fluctuations. The investor's primary interest lies in acquiring and holding suitable securities at suitable prices.”

“The art of investment has one characteristic that is not generally appreciated. A creditable, if unspectacular, result can be achieved by the lay investor with a minimum of effort and capability; but to improve this easily attainable standard requires much application and more than a trace of wisdom. If you merely try to bring just a little extra knowledge and cleverness to bear upon your investment program, instead of realizing a little better than normal results, you may well find that you have done worse.”

“Individual versus group selection results in a mix of altruism and selfishness, of virtue and sin, among the members of a society. If one colony member devotes its life to service over marriage, the individual is of benefit to the society, even though it does not have personal offspring. A soldier going into battle will benefit his country, but he runs a higher risk of death than one who does not. An altruist benefits the group, but a layabout or coward who saves his own energy and reduces his bodily risk passes the resulting social cost to others.”

“Geometry, which should only obey Physics, when united with it sometimes commands it. If it happens that the question which we wish to examine is too complicated for all the elements to be able to enter into the analytical comparison we wish to make, we separate the more inconvenient [elements], we substitute others for them, less troublesome but also less real, and we are surprised to arrive, notwithstanding a painful labour, only at a result contradicted by nature; as if after having disguised it, cut it short or altered it, a purely mechanical combination could give it back to us.”

“When people in organizations feel too secure, it's because there aren't any significant outcomes as a result of what they do. Whatever you do, nothing much different happens. This also means there are no important pay-offs if you risk by innovating. As there are no rewards for taking risks, then there's no sense of push in that institution's culture.”

“The material which a scientist actually has at his disposal, his laws, his experimental results, his mathematical techniques, his epistemological prejudices, his attitude towards the absurd consequences of the theories which he accepts, is indeterminate in many ways, ambiguous, and never fully separated from the historical background . This material is always contaminated by principles which he does not know and which, if known, would be extremely hard to test.”

“One is faced with a dilemma: If one places total trust in all other users, one is vulnerable to the antisocial behavior of any malicious user consider the case of viruses. But if one tries to be totally reclusive and isolated, one is not only bored, but one's information universe will cease to grow and be enhanced by interaction with others. The result is that most of us operate in a complicated trade-off zone with various arrangements of trust and security mechanisms.”

“One point in my public life: I did all I could for the reform of the civil service, for the building up of the South, for a soundcurrency, etc., etc., but I never forgot my party.... I knew that all good measures would suffer if my Administration was followed by the defeat of my party. Result, a great victory in 1880. Executive and legislature both completely Republican.”

“The problem with ideology is if you got an ideology, you already got your mind made up, you know all the answers, and that makes evidence irrelevant and argument a waste of time, so you tend to govern by assertion and attack. The problem with that is that discourages thinking and gives you bad results.”

“I have never understood why they tried to start the revolution by taking over the universities. It should have been self-evident that the net result of success would be to close the universities but leave the nation unaffected--at least, for quite a long time. Nor do I find it easy to believe that the rebels, as intelligent as most of them were, seriously expected that they could keep the universities alive as corporate bodies, once they had control of them, if they made the fundamental alterations in organization and role that they proposed to.”