“"Average" isn't so hot at the race track given those steep track takes. "Average" is pretty decent for stocks, something like 6 percent above the inflation rate. For a buy-and -hold investor, commissions and taxes are small.”

— William Poundstone

Part Three, Arbitrage, This Is Not the Time To Buy Stocks, p. 134
Fortune's Formula (2005)

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Do you have more details about the quote ""Average" isn't so hot at the race track given those steep track takes. "Average" is pretty decent for stocks, somethin…" by William Poundstone?

William Poundstone 33

American writer 1955

Muriel Rukeyser (1913–1980) poet and political activist

Source: The Life of Poetry (1949), p. 150
Context: The continuity of film, in which the writer deals with a track of images moving at a given rate of speed, and a separate sound-track which is joined arbitrarily to the image-track, is closer to the continuity of poetry than anything else in art. But the heaviness of the collective work on a commercial film, the repressive codes and sanctions, unspoken and spoken, the company-town feeling raised to its highest, richest, most obsessive-compulsive level in Hollywood, puts the process at the end of any creative spectrum farthest from the making of a poem.
At the same time, almost anything that can be said to make the difficulties of poetry dissolve for the reader, or even to make the reader want to deal with those "difficulties," can be said in terms of film. These images are like the action sequences of a well-made movie — a good thriller will use the excitement of timing, of action let in from several approaches, of crisis prepared for emotionally and intellectually, so that you can look back and recognize the way of its arrival; or, better, feel it coming until the moment of proof arrives, meeting your memory and your recognition.
The cutting of films is a parable in the motion of any art that lives in time, as well as a parable in the ethics of communication.

“Daberlohn's diagnosis [about the etching she made as his portrait] holds encouragement for Charlotte…. Daberlohn (in his letter) 'In my opinion you are destined to create something above average.'
….'Above average.' She is elated by his letter and really feels quite proud… While beginning to paint the buttercup-strewn meadow where she happens to be sitting, she decides to make his prophecy come true and actually create something 'above average'.”

Charlotte Salomon (1917–1943) German painter

written text with brush, in her paintings JHM no. 4599 https://charlotte.jck.nl/detail/M004599/part/character/theme/keyword/M004599 + 4600 https://charlotte.jck.nl/detail/M004600/part/character/theme/keyword/M004600: in 'Life? or Theater..', p. 482-483
Charlotte Salomon - Life? or Theater?