Patrick Lu 嘉泺
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Patrick Lu 嘉泺

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See all 4 books that Patrick Lu is reading…
Book cover for Meetings With Remarkable Men
Only he will deserve the name of man and can count upon anything prepared for him from Above, who has already acquired corresponding data for being able to preserve intact both the wolf and the sheep confided to his care.
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James Gleick
“If a model did anything too obviously bizarre—flooded the Sahara or tripled interest rates—the programmers would revise the equations to bring the output back in line with expectation. In practice, econometric models proved dismally blind to what the future would bring, but many people who should have known better acted as though they believed in the results. Forecasts of economic growth or unemployment were put forward with an implied precision of two or three decimal places. Governments and financial institutions paid for such predictions and acted on them, perhaps out of necessity or for want of anything better. Presumably they knew that such variables as “consumer optimism” were not as nicely measurable as “humidity” and that the perfect differential equations had not yet been written for the movement of politics and fashion. But few realized how fragile was the very process of modeling flows on computers, even when the data was reasonably trustworthy and the laws were purely physical, as in weather forecasting.”
James Gleick, Chaos: Making a New Science

Viktor E. Frankl
“To draw an analogy: a man's suffering is similar to the behavior of a gas. If a certain quantity of gas is pumped into an empty chamber, it will fill the chamber completely and evenly, no matter how big the chamber. Thus suffering completely fills the human soul and conscious mind, no matter whether the suffering is great or little. Therefore the "size" of human suffering is absolutely relative.”
Viktor Emil Frankl, Man's Search for Meaning

Paul A. Samuelson
“The stock market has predicted nine out of the last five recessions.”
Paul A. Samuelson

Carl Menger
“When I discussed the nature of value, I observed that value is nothing inherent in goods and that it is not a property of goods. But neither is value an independent thing. There is no reason why a good may not have value to one economizing individual but no value to another individual under different circumstances. The measure of value is entirely subjective in nature, and for this reason a good can have great value to one economizing individual, little value to another, and no value at all to a third, depending upon the differences in their requirements and available amounts. What one person disdains or values lightly is appreciated by another, and what one person abandons is often picked up by another.”
Carl Menger, Principles of Economics

“One of the first things which impress the traveller in China is the extremely simple diet of the people.”
Arthur Henderson Smith, Chinese Characteristics

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