CDOQ

When we listen to stories we have the tendency to suspend disbelief in order to be entertained, says Paulos [John Allen]. But when we evaluate statistics, we are less willing to suspend disbelief in order that we are not duped.  Storytelling vs. Statistics  Paulos goes on to describe the two types of errors in formal statistics. Type I error occurs when we observe something that is not really there. A Type II error occurs when we fail to observe something that is actually there. According to Paulos, those who like to be entertained and wish to avoid making Type II error are more likely to prefer stories over statistics. Those who do not necessarily yearn for entertainment but are desperate to avoid Type I errors are apt to prefer statistics to stories.  - From the book: Investing - The last liberal art  

"Failure to explain is caused by failure to describe." - Benoit Mandelbrot

The length of the cigar butt is influenced by how many cigars remain in the humidor.

Which is better: a person of good character with good intentions who tries to improve society but fails, or a person of questionable character with self-interest in mind who does something that benefits him and ends up making society better?

No two people live the same life. 

If you get the 'what' wrong, it's hard to get the 'why' right.

Nature dominates nurture. 

Leaders who want to do more with less have been doing less with more. 

It's ironic how caring for our home—planet Earth—seems to drift in and out of fashion.

In some clocks, the pendulum swings only to deceive—it has nothing to do with keeping time.