Laura Hamilton Quotes & Sayings
Enjoy the top 1 famous quotes, sayings and quotations by Laura Hamilton.
Famous Quotes By Laura Hamilton
Writers write like readers and read like writers. — Laura Hamilton
Famous Quotes
Risk, as first articulated by the economist Frank H. Knight in 1921,45 is something that you can put a price on. Say that you'll win a poker hand unless your opponent draws to an inside straight: the chances of that happening are exactly 1 chance in 11.46 This is risk. It is not pleasant when you take a "bad beat" in poker, but at least you know the odds of it and can account for it ahead of time. In the long run, you'll make a profit from your opponents making desperate draws with insufficient odds. Uncertainty, on the other hand, is risk that is hard to measure. You might have some vague awareness of the demons lurking out there. You might even be acutely concerned about them. But you have no real idea how many of them there are or when they might strike. Your back-of-the-envelope estimate might be off by a factor of 100 or by a factor of 1,000; there is no good way to know. This is uncertainty. Risk greases the wheels of a free-market economy; uncertainty grinds them to a halt."
Author: Nate Silver
Famous Authors
- Anne Curtis Quotes
- BlueMystique Quotes
- Charles Murray Quotes
- DAIGO UMEHARA Quotes
- Darryl Cunningham Quotes
- Del Tha Funkee Homosapien Quotes
- Graeme Rodaughan Quotes
- Gwen Bristow Quotes
- Jayne Rylon Quotes
- Kevin A. Ford Quotes
- Kurt Ralske Quotes
- Les Coalson Quotes
- Rachel Hawthorne Quotes
- Scooter Braun Quotes
- Sephiroth Quotes
Popular Topics
- Quotes About Gothenburg
- Quotes About Quiet Success
- Quotes About Beach Waves
- A Sharp Tongue Quotes
- Don Flatter Yourself Quotes
- Don't Count On Me Quotes
- Fool Because Of Love Quotes
- I Actually Believed You Quotes
- I Think You Are Crazy Quotes
- Love Across Miles Quotes
- Personal Qualities Quotes
- Share Market Success Quotes
- Stop Yulin Festival Quotes
- Tiny Tim Ukulele Quotes
- Tomorrow Is Saturday Quotes