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Buffalo Quote by David Cay Johnston

“No person, I think, ever saw a herd of buffalo, of which a few were fat and the great majority lean. No person ever saw a flock of birds, of which two or three were swimming in grease, and the others all skin and bone.” —Henry George, American reformer, 1839–1897” quote by David Cay Johnston
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““No person, I think, ever saw a herd of buffalo, of which a few were fat and the great majority lean. No person ever saw a flock of birds, of which two or three were swimming in grease, and the others all skin and bone.” —Henry George, American reformer, 1839–1897””

David Cay Johnston

About This Quote

Source Essay: “The Myth of the Average” in The New York Times, 2010

Most of a population is average; extremes are rare, so we should not assume typicality based on a few examples.

In simple terms: Most people are average; few are very rich or very poor.

Key Takeaway

Avoid overgeneralizing from outliers.

Themes

statistics perception economics

Mood

analytical critical

Type

statistical thought‑provoking

When to use this quote

  • Market analysis
  • policy making
  • media reporting
  • financial planning

Key Concepts

Mean vs. median distribution bias representativeness

Questions to Reflect On

  • How do you identify true averages in data?
  • What biases arise from focusing on extremes?
A Different Perspective

Rare extremes can skew perception if not contextualized.

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