“The ultimate compound return rate is acutely sensitive to fat tails.”
William Poundstone (1955) American writer
Part Six, Blowing Up, Survival Motive, p. 297
Fortune's Formula (2005)
Source: Baseball And Billions - Updated edition - (1992), Chapter 3, Franchise Finances, p. 68.
“The ultimate compound return rate is acutely sensitive to fat tails.”
William Poundstone (1955) American writer
Part Six, Blowing Up, Survival Motive, p. 297
Fortune's Formula (2005)
Harvey S. Rosen (1949) American economist
Source: Public Finance - International Edition - Sixth Edition, Chapter 16, Personal Taxation and Behavior, p. 373
Kevin Kelly (1952) American author and editor
Out of Control: The New Biology of Machines, Social Systems and the Economic World (1995), New Rules for the New Economy: 10 Radical Strategies for a Connected World (1999)
Marsden Hartley (1877–1943) American artist
Somehow a Past, 1933-c, 1939; unpublished manuscript, Hartley Archive, Yale University; as quoted in Marsden Hartley, by Gail R. Scott, Abbeville Publishers, Cross River Press, 1988, New York p. 11
1931 - 1943
Martin Luther King, Jr. (1929–1968) American clergyman, activist, and leader in the American Civil Rights Movement
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.
Abraham Joshua Heschel (1907–1972) Polish-American Conservative Judaism Rabbi
Source: Who Is Man? (1965), Ch. 5
Benjamin Graham (1894–1976) American investor
Part II, Chapter VIII,Ultimate Uses of the Stored Units, p. 103
Storage and Stability (1937)
Paul Ormerod book The Death of Economics
Part II, Chapter 6, Unemployment and Inflation, p. 130
The Death of Economics (1994)
Lawrence H. Summers (1954) Former US Secretary of the Treasury
David Wessel, The Wall Street Journal (April 5, 1998) "Rich now pay more in taxes", Mobile Register, p. F1.
1990s
Paul A. Baran (1909–1964) American Marxist economist
Source: The Political Economy Of Growth (1957), Chapter Four, Standstill and Movement Under Monopoly Capitalism, II, p. 88