Brian Christian Quotes
The Upside of Heuristics The economist Harry Markowitz won the 1990 Nobel Prize in Economics for developing modern portfolio theory: his groundbreaking “mean-variance portfolio optimization” showed how an investor could make an optimal allocation among various funds and assets to maximize returns at a given level of risk. So when it came time to invest his own retirement savings, it seems like Markowitz should have been the one person perfectly equipped for the job. What did he decide to do? I should have computed the historical covariances of the asset classes and drawn an efficient frontier. Instead, I visualized my grief if the stock market went way up and I wasn’t in it—or if it went way down and I was completely in it. My intention was to minimize my future regret. So I split my contributions fifty-fifty between bonds and equities. Why in the world would he do that?
Brian Christian
Quotes to Explore
Assume the worst about people and you get the worst.
Ha-Joon Chang
No, Your Majesty, I do not like kings, but I do like a man behind a king when I find him.
Andrew Carnegie
There is nothing more important in my life than my relationship with God and my faith. I have been so driven to my knees to pray for His guidance, for His wisdom, for His grace and for His Strength. I'm never going to tell anybody else how to live, I'm never going to preach to anybody else and tell them you must do that. But I sure would like to see more Americans give it a try and seek the guidance that our Founding Fathers sought and were able to then craft documents that allowed America to become the greatest, strongest, healthiest, most prosperous nation on earth.
Sarah Palin
I literally have no idea what's to come. I try to just stay in the moment.
Emma Stone
I'm not working-class: I come from the criminal classes.
Peter O'Toole
If you let people loose in a landscape and tell them to choose a house site, half of them will go sit on the ridges where they'll die in the next fire, or where you can't get water to them. Or they'll sit in all the dam sites. Or they'll sit in all the places that will perish in the next big wind.
Bill Mollison
It is more important to me that my students come out of my class believing This story is interesting and I might want to know more about it, than to fill them up with information. If I can remind them or convince them that history is interesting then I feel I have succeeded, because unlike chemistry or physics, history is a subject that anyone can teach themselves, if they are interested.
H. W. Brands
Love is substance; Lust, illusion. Only in the surge of passion do the two mingle in confusion.
Calvin Miller
When I arrived, I didn't understand London customers perfectly, but we've developed the right style with the right price, and step by step, I'm in harmony with London.
Alain Ducasse
If only media people would stop reaching for the low-hanging fruit, which is cynicism and pessimism, and stopped trying so hard to be hip and cool and have a swagger.
Emilio Estevez
Cameron Crowe can write dialogue and shoot it with warmth and humor like nobody else.
Emma McLaughlin
I grew up in Illinois.
Ben Zobrist
Create your own myths; that is how the gods got started.
Stanislaw Jerzy Lec
YouTube is a platform, a distribution vehicle.
Steve Chen
Their orders were to draw the newly arrived Americans into battle and search for the flaws in their thinking that would allow a Third World army of peasant soldiers who traveled by foot and fought at the distant end of a two-month-long supply line of porters not only to survive and persevere, but ultimately to prevail in the war—which was, for them, entering a new phase.
Hal Moore
We Corbis make it so easy to call up images, whether art or people or beaches or sunsets or Nobel Prize winners.
Bill Gates
Among the great names that adorn the roll of Nobel prize-winners in Medicine is that of Otto Meyerhof, my admired teacher and friend, to whose inspiration, guidance and encouragement I owe so very much.
Severo Ochoa
The Upside of Heuristics The economist Harry Markowitz won the 1990 Nobel Prize in Economics for developing modern portfolio theory: his groundbreaking “mean-variance portfolio optimization” showed how an investor could make an optimal allocation among various funds and assets to maximize returns at a given level of risk. So when it came time to invest his own retirement savings, it seems like Markowitz should have been the one person perfectly equipped for the job. What did he decide to do? I should have computed the historical covariances of the asset classes and drawn an efficient frontier. Instead, I visualized my grief if the stock market went way up and I wasn’t in it—or if it went way down and I was completely in it. My intention was to minimize my future regret. So I split my contributions fifty-fifty between bonds and equities. Why in the world would he do that?
Brian Christian
