“In real-world Finance, they don't pay for elegance. They pay for power - predictive power.”

— Robert Haugen

Source: The Inefficient Stock Market - What Pays Off And Why (1999), Chapter 13, Counterattack - The Second Wave, p. 129

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "In real-world Finance, they don't pay for elegance. They pay for power - predictive power." by Robert Haugen?

Robert Haugen13

American economist 1942–2013

Related quotes

“I define power as control over one’s life. Pay is not about power. Pay is about giving up power to get the power of pay.”

Warren Farrell (1943) author, spokesperson, expert witness, political candidate

Source: Why Men Earn More (2005), p. xxiv.

“Elegance is a small price to pay for enlightenment, and I was glad to pay it.”

Ursula K. Le Guin Hainish Cycle

Source: Hainish Cycle, The Left Hand of Darkness (1969), Chapter 8 “Another Way into Orgoreyn” (p. 118)

“Pay is about the power we forfeit to get the power of pay. For example, we forfeit power when we work for others, not ourselves, but we get the power of the paycheck when we do that.”

Warren Farrell (1943) author, spokesperson, expert witness, political candidate

Why Men Earn More (2005)

“So you see, in the end, it is nearly certain that the power of prediction must triumph over the arrogance of elegance.”

Robert Haugen (1942–2013) American economist

Source: The Inefficient Stock Market - What Pays Off And Why (1999), Chapter 15, The Wrong 20-yard Line, p. 148

“Like Bancroft, MacIntyre had been a man of power, and like all men of power, when he talked of prices worth paying, you could be sure of one thing.
Someone else was paying.”

Richard K. Morgan book Altered Carbon

Source: Altered Carbon (2002), Chapter 16 (p. 217)

“The Bush Administration do have moral values. Their moral values are very explicit: shine the boots of the rich and the powerful, kick everybody else in the face, and let your grandchildren pay for it. That simple principle predicts almost everything that's happening.”

Noam Chomsky (1928) american linguist, philosopher and activist

Quotes 2000s, 2005, Interview by Steve Scher on KUOW, 2004

“It's the rich and powerful, by and large, who glamorize immorality, but it's the poor and vulnerable who pay the price.”

Robert P. George (1955) American legal scholar

2016, Interview with Bill Kristol (2016)

“They don't pay me to think, they pay me to be an Admiral.”

Archibald Berkeley Milne (1855–1938) Royal Navy admiral

Attributed

“We don't pay taxes. Only the little people pay taxes.”

Leona Helmsley (1920–2007) American hotel owner

Quoted in New York Times (July 12, 1989)
Quoted in Newsweek magazine, p. 11 (July 24, 1989)

“When it comes to paying contractors, the sky is the limit; when it comes to financing the basic functions of the state, the coffers are empty.”

Naomi Klein (1970) Canadian author and activist

Source: The Shock Doctrine: The Rise of Disaster Capitalism (2007)

“In real-world Finance, they don't pay for elegance. They pay for power - predictive power.”

Help us to complete the source, original and additional information

Robert Haugen13

Related quotes

Related topics