The optimum portfolio depends on the various expectations of choices available and the degree of variance in performance which is tolerable. The greater the number of selections, the less will be the average year-to-year variation in actual versus expected results. Also, the lower will be the expected results, assuming different choices have different expectations of performance.
Dear and most respected bookcase! I welcome your existence, which has for over one hundred years been devoted to the radiant ideals of goodness and justice.
I freely admit that the remembrance of David Hume was the very thing that many years ago first interrupted my dogmatic slumber and gave a completely different direction to my researches in the field of speculative philosophy.
No one is sane, straight along, year in and year out, and we all know it. Our insanities are of varying sorts, and express themselves in varying forms-fortunately harmless forms as a rule.
When a man, after long years of searching, chances upon a thought which discloses something of the beauty of this mysterious universe, he should not therefore be personally celebrated. He is already sufficiently paid by his experience of seeking and finding.
See the wild Waste of all-devouring years! How Rome her own sad Sepulchre appears, With nodding arches, broken temples spread! The very Tombs now vanish'd like their dead!
The terrorist attacks on September the 11th were a turning point for our nation. We saw the goals of a determined enemy to expand the scale of their murder and force America to retreat from the world. And our nation accepted a mission. We will defeat this enemy. The United States of America is determined to guard our homeland against future attacks. As the September 11th Commission concluded, our country is safer than we were three years ago, but we are not yet safe
I was born lazy. I am no lazier now than I was forty years ago, but that is because I reached the limit forty years ago. You can't go beyond possibility.
If you look at what happened, I came in the middle of the worst financial crisis since the Great Depression. And unlike Franklin Delano Roosevelt who waited, well, didn't take office until about three years into the Great Depression, it was happening just as I was elected.
Don't you feel something magical when you're in love?... I do, I certainly do ... but I think that feeling of magic is a hardwired psychological response. It's a chemical thing in the brain. It's a flow of chemicals and electrical currents, and it developed over millions of years in the process of evolution to aid in the procreation of the species.
One of the things that you learn, having been in this [President's] office for four years, is the old adage of Abraham Lincoln's. That with public opinion there's nothing you can't do and without public opinion there's very little you can get done.