Stochastic Calculus Quotes & Sayings

Price mostly meanders around recent price until a big shift in opinion occurs, causing price to jump up or down. This is crudely modeled by quants using something called a jump-diffusion process model. Again, what does this have to do with an asset's true intrinsic value? Not much. Fortunately, the value-focused investor doesn't have to worry about these statistical methods and jargon. Stochastic calculus, information theory, GARCH variants, statistics, or time-series analysis is interesting if you're into it, but for the value investor, it is mostly noise and not worth pursuing. The value investor needs to accept that often price can be wrong for long periods and occasionally offers interesting discounts to value. — Nick Gogerty

A second thing that an individual must do in seeking to love his enemy is to discover the element of good in his enemy, and everytime you begin to hate that person and think of hating that
person, realize that there is some good there and look at those good points which will over-balance the bad points. — Martin Luther King Jr.

Whether game theory leads to clear-cut solutions, to vague solutions, or to impasses, it does achieve one thing. In bringing techniques of logical and mathematical analysis gives men an opportunity to bring conflicts up from the level of fights, where the intellect is beclouded by passions, to the level of games, where the intellect has a chance to operate. — Anatol Rapoport

Be brave when others are afraid, and afraid when others are brave. — Warren Buffett

I think 3D can be an incredible thing on a movie and a terrible thing for a movie, depending on what kind of movie it is. And I've seen movies where I thought the 3D really enhanced the experience, and sometimes where I thought it just detracted from it. — Olivia Thirlby

When I'm in the car sometimes it's like, 'Yeah, man, just put on the pop music.' You know what I mean? I don't want to listen to Tom Waits. — Max Greenfield

I became known as Lily Casey, the mustang-breaking, poker-playing, horse-race-winning schoolmarm of Coconino County, and it wasn't half bad to be in place where no one had a problem with a woman having a moniker like that. — Jeannette Walls

That's what we're focusing on at Not Impossible Labs, looking at problems or needs that can be solved through hacking, modding, programming, whatever, so it helps one person first but has the potential to help many others. — Mick Ebeling

Poor moth, I can't help you,
I can only turn out the light. — Ryszard Krynicki

Kitten, your hands are heaven and your eyes are my home. — Jeaniene Frost

Wise man is the rooster of the universe: He awakens the unawake! — Mehmet Murat Ildan

Velma eyed Kate assessingly. She swiped at her hairline with fingers decorated with several diamond-studded gold rings and long nails shellacked with opalescent pearl polish. "Kate," she said in a ominous tone, "how old are you now?"
Ah, Kate thought. Here it comes. Though Velma and Peg had spent their entire lives in Redbud, Kate knew them well from their annual trips to Dallas to see Gran, "I'm thirty-one."
"Why in the world haven't you married anyone yet?"
"Well..." I'm holding out for Prince Harry. I have cooties, so that makes it hard. Shark attack killed the last prospect. — Becky Wade