Wisdom in fragments

A speculative bubble exists when the price of something does not equal its market fundamentals for some period of time for reasons other than random shocks. [Fundamental] is usually argued to be a long-run equilibrium consistent with a general equilibrium

Mathematician known for Rosser's theorem in mathematical logic and computability theory.

I believe, personally, that movies allow people to be taken places they can't get to on their own- be it travel, or culture, or learning. The arts are not just one, they are all connected- and movies have become a huge part of the arts.

Unknown.

The world is changing now faster than you and I change our socks! It's constantly changing, and that constantly changing world is going to induce more movie-making. If you go on YouTube, you can see the most talented young people all over the world who take a camera and start to film ideas they have and put them online.

Unknown.

You asked why movies have become so popular, I'm going to tell you why, it's because the images move… They're not static. I could stare at a Van-Gogh for hours, but I sit in a theatre and the images move. As the frames move and tell a story, it is that movement which emotionally connects you.

Unknown.

To me personally, movies are about escapism. Movies are about sitting in a theatre, watching something- watching a story unfold with people I don't know- watching that happen and emoting an emotion knowing that for those two hours, when I walk into that theatre, I don't have to worry about what is going on outside.

Unknown.

Film is a reflection of society, both present and past. I think the film and it's innovations sometimes has to catch up to society but sometimes it leads society too. Movies are stories, movies are people who come out with ideas about something they want to say, something they want to tell someone.

Unknown.

We don't accept basis risk we don't accept counterparty risk- we don't want any fuzziness around what our payout is going to be conditional on the realising of this systematic left tail 'black swan' event.

Hedge Fund Manager & Author of "The Black Swan" Risk Management

I made the analogy of earthquake faults- when they get aligned, they either all move, or they don't move- we also have this diversity of micro fault-lines that fail, and I think that's a huge problem.

Hedge Fund Manager & Author of "The Black Swan" Risk Management

We have a much more connected marketplace. We have had, what I reckon to be an extremely overvalued stock market since 2000. When you have that situation, you are prone to very sudden negative revaluations.

Hedge Fund Manager & Author of "The Black Swan" Risk Management

I want to either hit a homerun or walk or even strike out. This means I fail far more often than I succeed. But the important point is that what I lose when I fail is trivial, epsilon compared to what I make when I succeed.

Hedge Fund Manager & Author of "The Black Swan" Risk Management

We are living through a profound era where speculative failure is simply not an option, and is fought tooth and nail by the government. This is a trap. Here I am the fool looking to fail frequently.

Hedge Fund Manager & Author of "The Black Swan" Risk Management

We know from the availability heuristic that people overestimate the likelihood of an event based on their ability to envision it—the risk of plane crash versus car crash is the best example of this. Holding that big check is easy to conjure up, but rare, deep stock market corrections not so much most of the time.

Hedge Fund Manager & Author of "The Black Swan" Risk Management

the share of the population in the top tercile is negatively associated with crime. When crime increases twofold the share of the rich tercile drops by 1.3%. In addition, we see that the share of the population in the poorest tercile increases with crime

Unknown.

a doubling in crime increases the Gini coefficient by 3% to 4%

Unknown.

causality runs from the latter to the former: in more unequal societies, the return to committing a crime increases, since there is more wealth to be taken away at each crime

Unknown.

Globalisation is here to stay. You cannot, however, look at it as a natural phenomenon on which you have no influence- it's not like a typhoon or a cyclone. It's a process- and a process on which you can have influence.

Brazilian Diplomat & Foreign Minister under Lula's Presidency