Bounds Quote by Charlie Munger Download Open image “There is bound to be a regression toward the mean.” — Charlie Munger ★ ★ ★ ★ ★ 3.2 out of 5 (7 ratings) Copy quoteShare Bounds Mean Regression
Regression toward the mean. That is, in any series of random events an extraordinary event is most likely to be followed, due purely to… — Leonard Mlodinow Copy Share Image
“There is no such thing as observing a mean in excess or deficiency, nor as exceeding or falling short in observance of a mean.” — Aristotle Copy Share Image
Although we deal with probabilities and expectations, the actual results can deviate substantially from such expectations, particularly on a short-term basis. — Warren Buffett Copy Share Image
If we betake ourselves to the statistical method, we do so confessing that we are unable to follow the details of each individual case,… — James Clerk Maxwell Copy Share Image
Meanness is incurable; it cannot be cured by old age, or by anything else. — Aristotle Copy Share Image
“As Paul Saffo, a forecaster of large-scale change at Discern Analytics, observes wisely, 'Change is never linear. Our expectations are linear, but new technologies… — Vijay V. Vaitheeswaran Copy Share Image
The preoccupation with what should be is estimable only when the respect for what is has been exhausted. — Jose Ortega y Gasset Copy Share Image
[Meanness] is more ingrained in man's nature than Prodigality; the mass of mankind are avaricious rather than open-handed. — Aristotle Copy Share Image
Almost all good businesses engage in 'pain today, gain tomorrow' activities. — Charlie Munger Copy Share Image
If you want good behavior, don't pay on a commission basis. Our judges aren't paid so much a case. We keep them pretty well… — Charlie Munger Copy Share Image
Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to… — Charlie Munger Copy Share Image
I think time and time again, in reality, psychological notions and economic notions interplay, and the man who doesn't understand both is a damned… — Charlie Munger Copy Share Image
I have what I call an iron prescription that helps me keep sane when I naturally drift toward preferring one ideology over another and… — Charlie Munger Copy Share Image
The tax code gives you an enormous advantage if you can find some things you can just sit with. — Charlie Munger Copy Share Image
The great lesson in microeconomics is to discriminate between when technology is going to help you and when it's going to kill you. And… — Charlie Munger Copy Share Image
Some years ago one oil company bought a fertilizer company, and every other major oil company practically ran out and bought a fertilizer company.… — Charlie Munger Copy Share Image
They [Mc Donalds] take people and give them a first job, which enables them to get a second job. They do a very good… — Charlie Munger Copy Share Image
We believe that almost all really good investment records will involve relatively little diversification. The basic idea that it was hard to find good… — Charlie Munger Copy Share Image
It is way less certain to be a wonderful business in the future. The threat is alternative mediums of information. Every newspaper is scrambling… — Charlie Munger Copy Share Image
Man will not always stay on Earth; the pursuit of light and space will lead him to penetrate the bounds of the atmosphere, timidly… — Konstantin Tsiolkovsky Copy Share Image
Importunity is a condition of prayer. We are to press the matter, not with vain repetitions, but with urgent repetitions. We repeat, not to… — Edward McKendree Bounds Copy Share Image
If the civil magistrate be a Christian, a disciple or follower of the meek Lamb of God, he is bound to be far from… — Roger Williams Copy Share Image
We have committed ourselves to pursue joint policies, but then national governments say, "We aren't bound by that." That is a dramatic situation, because… — Martin Schulz Copy Share Image
The World's a Printing-House, our words, our thoughts, Our deeds, are characters of several sizes. Each soul is a Compos'tor, of whose faults The… — Francis Quarles Copy Share Image
Christian obligation cannot be made to accord with a law of expediency. The Christian's maxims are, Do right because you are bound to do… — Francis Landey Patton Copy Share Image
Such as the chain of causes we call Fate, such is the chain of wishes: one links on to another; the whole man is… — Seneca the Younger Copy Share Image
'You spin in the sky, the world spins under you, and you step from land to land, while we . . .' She turned… — Samuel R. Delany Copy Share Image
An order given in battle, an instruction issued by the master of a sailing ship, a cry for help, are as powerful in modifying… — Bronislaw Malinowski Copy Share Image
It is only when our life proceeds within bounds and in an accepted, disciplined way, that the mind can be free. — Vinoba Bhave Copy Share Image
Yes, thou art ever present, power divine; not circumscribed by time, nor fixed by space, confined to altars, nor to temples bound. In wealth,… — Hannah More Copy Share Image
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