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“The public, as a whole, buys at the wrong time and sells at the wrong time. The average operator, when he sees two or three points profit, takes it; but, if a stock goes against him two or three points, he holds on waiting for the price to recover, with oftentimes, the result of seeing a loss of two or three points run into a loss of ten points.”

“Every day, almost as many men are killed at work as were killed during the average day in Vietnam. For men, there are, in essence, three male-only drafts: the draft of men to all the wars; the draft of Everyman to unpaid bodyguard; the draft of men to all the hazardous jobs or 'death professions.”

“Unfortunately, in rich-world health, innovation is both your friend and your enemy. Innovation is inventing organ replacement, joint replacement. We're inventing ways of doing new things that cost $300,000 and take people in their 70s and, on average, give them an extra, say, two or three years of life. And then you have to say, given finite resources, should we fire two or three teachers to do this operation?”

“The basic formulation, or bare-bones mechanics, of natural selection is a disarmingly simple argument, based on three undeniable facts (overproduction of offspring, variation, and heritability) and one syllogistic inference (natural selection, or the claim that organisms enjoying differential reproductive success will, on average, be those variants that are fortuitously better adapted to changing local environments, and that these variants will then pass their favored traits to offspring by inheritance).”