“The ultimate compound return rate is acutely sensitive to fat tails.”

Rolling Stone (November 1989), as cited in The Yale Book of Quotations https://en.wikiquote.org/wiki/Special:BookSources/0300107986, ed. Fred Shapiro, Yale University Press (2006), p. 567

Source: Baseball And Billions - Updated edition - (1992), Chapter 3, Franchise Finances, p. 68.

Part One, Entropy, Private Wire, p. 69
Fortune's Formula (2005)

1960s, Family Planning - A Special and Urgent Concern (1966)
Context: During the past half century Negroes have migrated on a massive scale, transplanting millions from rural communities to crammed urban ghettoes. In their migration, as with all migrants, they carried with them the folkways of the countryside into an inhospitable city slum. The size of family that may have been appropriate and tolerable on a manually cultivated farm was carried over to the jammed streets of the ghetto. In all respects Negroes were atomized, neglected and discriminated against. Yet, the worst omission was the absence of institutions to acclimate them to their new environment. Margaret Sanger, who offered an important institutional remedy, was unfortunately ignored by social and political leaders in this period. In consequence, Negro folkways in family size persisted. The problem was compounded when unrestrained exploitation and discrimination accented the bewilderment of the newcomer, and high rates of illegitimacy and fragile family relationships resulted.

Source: Cinderella's Big Score: Women of the Punk and Indie Underground

"Reginald on the Academy"
Reginald (1904)

Brexit: UK will apply food tariffs in case of no deal https://www.bbc.co.uk/news/uk-47291378 BBC News (19 February 2019)
2019

On Franz Kafka, quoted in report on Great Books discussion groups, New York Times (28 February 1985)

"The Holy Dimension", p. 330
Moral Grandeur and Spiritual Audacity: Essays (1997)
Context: Faith is sensitiveness to what transcends nature, knowledge and will, awareness of the ultimate, alertness to the holy dimension of all reality. Faith is a force in man, lying deeper than the stratum of reason and its nature cannot be defined in abstract, static terms. To have faith is not to infer the beyond from the wretched here, but to perceive the wonder that is here and to be stirred by the desire to integrate the self into the holy order of living. It is not a deduction but an intuition, not a form of knowledge, of being convinced without proof, but the attitude of mind toward ideas whose scope is wider than its own capacity to grasp.
Such alertness grows from the sense for the meaningful, for the marvel of matter, for the core of thoughts. It is begotten in passionate love for the significance of all reality, in devotion to the ultimate meaning which is only God. By our very existence we are in dire need of meaning, and anything that calls for meaning is always an allusion to Him. We live by the certainty that we are not dust in the wind, that our life is related to the ultimate, the meaning of all meanings. And the system of meanings that permeates the universe is like an endless flight of stairs. Even when the upper stairs are beyond our sight, we constantly rise toward the distant goal.