A Quote by Michael Jensen
Very little evidence was found that any individual fund was able to do significantly better than that which we expected from mere random chance.
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Evidence of this [transformation of animals into fossils] is that parts of aquatic animals and perhaps of naval gear are found in rock in hollows on mountains, which water no doubt deposited there enveloped in sticky mud, and which were prevented by coldness and dryness of the stone from petrifying completely. Very striking evidence of this kind is found in the stones of Paris, in which one very often meets round shells the shape of the moon.
Random chance was not a sufficient explanation of the Universe---in fact, random chance was not sufficient to explain random chance; the pot could not hold itself.
A heart-memory is better than a mere head-memory. Better to carry away a little of the love of Christ in our souls, than if we were able to repeat every word of every sermon we ever heard.
Independently of the curious circumstance that such tales should be found existing in very different countries and languages, which augurs a greater poverty of human invention than we would have expected, there is also a sort of wild fairy interest in them, which makes me think them fully better adapted to awaken the imagination and soften the heart of childhood than the good-boy stories which have been in later years composed for them.
As in the game of billiards, the balls are constantly producing effects from mere chance, which the most skillful player could neither execute nor foresee, but which, when they do happen, serve mainly to teach him how much he has still to learn; so it is in the most profound and complicated game of politics and diplomacy. In both cases, we can only regulate our play by what we have seen, rather than by what we have hoped; and by what we have experienced, rather than by what we have expected.
I have become increasingly convinced that the past records of mutual fund managers are essentially worthless in predicting future success. The few examples of consistently superior performance occur no more frequently than can be expected by chance.
And, if we have any evidence that the wisdom which formed the plan is in the man, we have the very same evidence, that the power which executed it is in him also.
Chance never writ a legible book; chance never built a fair house; chance never drew a neat picture; it never did any of these things, nor ever will; nor can it be without absurdity supposed able to do them; which yet are works very gross and rude, very easy and feasible, as it were, in comparison to the production of a flower or a tree.
An accident, a random change, in any delicate mechanism can hardly be expected to improve it. Poking a stick into the machinery of one's watch or one's radio set will seldom make it work better.
I wish there was a serious investigation into flying saucers that wasn't conducted by crackpots. Unfortunately nearly all of the people who are interested in them kind of manufacture the evidence to fit the theories rather than the other way around. So it's very hard to find any dispassionate treatment of them. Maybe there isn't any scientific basis in which case that's why you never see any scientific evidence.
[The cause of inaction in war] ... is the imperfection of human perception and judgment which is more pronounced in war than anywhere else. We hardly know accurately our own situation at any particular moment while the enemy's, which is concealed from us, must be deduced from very little evidence.
We have a lot of evidence on what happens when you raise the minimum wage. And the evidence is overwhelmingly positive: Hiking the minimum wage has little or no adverse effect on employment while significantly increasing workers' earnings.
Hedge fund managers charge so much more than mutual fund managers; alpha is even harder to come by. They end up selling a variety of things beyond mere outperformance.
I destroy because for me everything that proceeds from reason is untrustworthy. I believe only in the evidence of what stirs my marrow, not in the evidence of what addresses itself to my reason. I have found levels in the realm of the nerve. I now feel capable of evaluating the evidence. There is for me an evidence in the realm of pure flesh which has nothing to do with the evidence of reason. The eternal conflict between reason and the heart is decided in my very flesh, but in my flesh irrigated by nerves.
If, of course, one builds into the concept of an 'individual' all that Professor Hayek does in his Road To Serfdom, Individualism and Economic Order and many other works, which is, to put it briefly, the whole of laisser-faire economic theory, then plainly man as such a programmed predator has very little interest in being fraternal, or very little chance.
In contrast to creation, Darwinism does not have a single piece of evidence demonstrating the theory of evolution. Its proponents don't have any fossil evidence, of the kind which they should be able to put forward.
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