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

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

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 "For reasons mathematical, psychological, and sociological, it is a good idea to use a money management system that is r…" by William Poundstone?
William Poundstone photo
William Poundstone 33
American writer 1955

Related quotes

Kevin Kelly photo

“To err is human; to manage error is system.”

Kevin Kelly (1952) American author and editor

Out of Control: The New Biology of Machines, Social Systems and the Economic World (1995)

John Von Neumann photo

“I think that it is a relatively good approximation to truth — which is much too complicated to allow anything but approximations — that mathematical ideas originate in empirics.”

John Von Neumann (1903–1957) Hungarian-American mathematician and polymath

"The Mathematician", in The Works of the Mind (1947) edited by R. B. Heywood, University of Chicago Press, Chicago
Context: I think that it is a relatively good approximation to truth — which is much too complicated to allow anything but approximations — that mathematical ideas originate in empirics. But, once they are conceived, the subject begins to live a peculiar life of its own and is … governed by almost entirely aesthetical motivations. In other words, at a great distance from its empirical source, or after much "abstract" inbreeding, a mathematical subject is in danger of degeneration. Whenever this stage is reached the only remedy seems to me to be the rejuvenating return to the source: the reinjection of more or less directly empirical ideas.

José Martí photo

“Absolute ideas must take relative forms if they are not to fail because of an error in form.”

José Martí (1853–1895) Poet, writer, Cuban nationalist leader

Our America (1881)
Context: The youth of America are rolling up their sleeves, digging their hands in the dough, and making it rise with the sweat of their brows. They realize that there is too much imitation, and that creation holds the key to salvation. "Create" is the password of this generation. The wine is made from plantain, but even if it turns sour, it is our own wine! That a country's form of government must be in keeping with its natural elements is a foregone conclusion. Absolute ideas must take relative forms if they are not to fail because of an error in form. Freedom, to be viable, has to be sincere and complete. If a republic refuses to open its arms to all, and move ahead with all, it dies.

Marilynne Robinson photo
Bertrand Russell photo

“If a "religion" is defined to be a system of ideas that contains unprovable statements, then Gödel taught us that mathematics is not only a religion, it is the only religion that can prove itself to be one.”

Bertrand Russell (1872–1970) logician, one of the first analytic philosophers and political activist

John D. Barrow, Between Inner and Outer Space: Essays on Science, Art and Philosophy (Oxford University Press, 2000, ISBN 0-192-88041-1, Part 4, ch. 13: Why is the Universe Mathematical? (p. 88). Also found in Barrow's "The Mathematical Universe" http://www.lasalle.edu/~didio/courses/hon462/hon462_assets/mathematical_universe.htm (1989) and The Artful Universe Expanded (Oxford University Press, 2005, ISBN 0-192-80569-X, ch. 5, Player Piano: Hearing by Numbers, p. 250
Misattributed

John D. Barrow photo

“If a 'religion' is defined to be a system of ideas that contains unprovable statements, then Gödel taught us that mathematics is not only a religion, it is the only religion that can prove itself to be one.”

John D. Barrow (1952–2020) British scientist

The Artful Universe (1995)
Context: If a 'religion' is defined to be a system of ideas that contains unprovable statements, then Gödel taught us that mathematics is not only a religion, it is the only religion that can prove itself to be one.<!-- Ch. 5, p. 211

“The history of mathematics throws little light on the psychology of mathematical invention.”

George Frederick James Temple (1901–1992) British mathematician

100 Years of Mathematics: a Personal Viewpoint (1981)

Robert Owen photo

“All the measures now proposed are only a compromise with the errors of the present systems; but as these errors now almost universally exist, and must be overcome solely by the force of reason”

Robert Owen (1771–1858) Welsh social reformer

A New View of Society (1813-1816)
Context: All the measures now proposed are only a compromise with the errors of the present systems; but as these errors now almost universally exist, and must be overcome solely by the force of reason; and as reason, to effect the most beneficial purposes, makes her advance by slow degrees, and progressively substantiates one truth of high import after another, it will be evident, to minds of comprehensive and accurate thought, that by these and similar compromises alone can success be rationally expected in practice. For such compromises bring truth and error before the public; and whenever they are fairly exhibited together, truth must ultimately prevail.

Alexander Bain photo

Related topics