Saturday, September 02, 2006

Astute observations & supper

I like e second last one. Oh had late supper with BY to say goodby.e. haha y came after we finished our pratas and e reason for the late arrival I was told is some blind date hahaha...

"Faced with the choice between changing one's mind and proving there is no need to do so, almost everyone gets busy on the proof."
- John Kenneth Galbraith, American Economist


"The term "uncertainty" is meant here to encompass both "Knightian uncertainty," in which the probability distribution of outcomes is unknown, and "risk," in which uncertainty of outcomes is delimited by a know probability distribution. In practice, one is never quite sure what type of uncertainty one is dealing with in real time."
- Alan Greenspan, Meeting of the American Economic Association, March 3, 2004



"Reports that say something hasn't happened are always interesting to me, because as we know, there are known knowns; there are things we know we know. We also know that there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns " the ones we don't know we don't know."
- Donald Rumsfeld, U.S. Secretary of Defense, February 2002


"Fashion can be bought. Style one must possess."
- Edna Woolman Chase, Vogue Magazine Editor


"Life is a process from want to want, not from enjoyment to enjoyment."
- Samuel Johnson, English poet, critic and lexicographer

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