William Poundstone: Quotes about money

William Poundstone is American writer. Explore interesting quotes on money.
William Poundstone: 66 quotes0 likes

“Bernoulli's real contribution was to coin a word. The word has been translated into English as "utility". It describes this subjective value people place on money.”

William Poundstone

Part Four, St. Petersburg Wager, Daniel Bernoulli, p. 184
Fortune's Formula (2005)

“Samuelson, however, hedged his personal bets - by putting some of his own money in Berkshire Hathaway.”

William Poundstone

Part Three, Arbitrage, The Random Walk Cosa Nostra, p. 125
Fortune's Formula (2005)

“For reasons mathematical, psychological, and sociological, it is a good idea to use a money management system that is relatively forgiving of estimation errors.”

William Poundstone

Part Six, Blowing Up, Survival Motive, p. 296-297
Fortune's Formula (2005)