If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.
Bernard BaruchRead
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If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.
It is even harder for the average ape to believe that he has descended from man.
"Mediocrity" doesn't mean average intelligence, it means an average intelligence that resents and envies its betters.
Every twenty minutes on the Appalachian Trail, Katz and I walked farther than the average American walks in a week. For 93 percent of all trips outside the home, for whatever distance or whatever purpose, Americans now get in a car. On average the total walking of an American these days - that's walking of all types: from car to office, from office to car, around the supermarket and shopping malls - adds up to 1.4 miles a week, barely 350 yards a day.
Capitalism is essentially a system of mass production for the satisfaction of the needs of the masses. It pours a horn of plenty upon the common man. It has raised the average standard of living to a height never dreamed of in earlier ages. It has made accessible to millions of people enjoyments which a few generations ago were only within the reach of a small élite.
Twenty years in this business convinces me that any normal person using the customary three percent of the brain can pick stocks just as well, if not better, than the average Wall Street expert.
Average people look forward to "getting off." Successful people look forward to "getting on."
When the highest type of people hear Tao (Truth), they diligently practice it. When the average type of people hear Tao, they half believe in it. When the lowest type of people hear Tao, they laugh at it. If they did not laugh, it would not be Tao.
There is no such thing as an underestimate of average intelligence.
People who are very aware that they have more knowledge than the average person are often very unaware that they do not have one-tenth of the knowledge of all of the average persons put together. In this situation, for the intelligentsia to impose their notions on ordinary people is essentially to impose ignorance on knowledge.
A great lathe operator commands several times the wage of an average lathe operator, but a great writer of software code is worth 10,000 times the price of an average software writer.
Let people who have to observe sickness and death look back and try to register in their observation the appearances which have preceded relapse, attack or death, and not assert that there were none, or that there were not the right ones. A want of the habit of observing conditions and an inveterate habit of taking averages are each of them often equally misleading.
The wise are instructed by reason, average minds by experience, the stupid by necessity and the brute by instinct.
The normal is what you find but rarely. The normal is an ideal. It is a picture that one fabricates of the average characteristics of men, and to find them all in a single man is hardly to be expected.
The average man does not get pleasure out of an idea because he thinks it is true; he thinks it is true because he gets pleasure out of it.
A leading difficulty with the average player is that he totally misunderstands what is meant by concentration. He may think he is concentrating hard when he is merely worrying.
Somewhere between the ages of eleven and fifteen, the average child begins to suffer from an atrophy, the paralysis of curiosity and the suspension of the power to observe. The trouble, I should judge, to lie with the schools.
We are constantly being told that we've never been wealthier. And many of us are. On average we all are. But that's just the problem.. no one is average.
If you know what you are going to write when you're writing a poem, it's going to be average.
It is the fundamental theory of all the more recent American law...that the average citizen is half-witted, and hence not to be trusted to either his own devices or his own thoughts.
I had a strong sudden instinct that I must be alone. I didn’t want to see any people at all. I had seen so many people all my life -- I was an average mixer, but more than average in a tendency to identify myself, my ideas, my destiny, with those of all classes that came in contact with. I was always saving or being saved -- in a single morning I would go through the emotions ascribable to Wellington at Waterloo. I lived in a world of inscrutable hostiles and inalienable friends and supporters.
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