Business Quote by Vernon Lee
“things in this world are very roughly averaged; and although averaging is a useful, rapid way of dispatching business, it does undoubtedly waste a great deal which is too good for wasting.”
About This Quote
Source Essay: “The Value of Averaging”, 1915
Averaging simplifies decisions but discards valuable nuance and exceptional quality.
In simple terms: Averaging loses important details.
Key Takeaway
Beware of over‑generalizing.
Themes
decision‑making
efficiency
nuance
quality
statistics
Mood
analytical
critical
Type
philosophical
advice
When to use this quote
- budgeting
- policy making
- product design
- education grading
Key Concepts
probability
information loss
Questions to Reflect On
- When is averaging acceptable?
- How can we preserve uniqueness while simplifying?
A Different Perspective
Averaging can be necessary for speed.
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![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)