A Quote by Adam Smith
That the chance of gain is naturally over-valued, we may learn from the universal success of lotteries.
Related Quotes
When we talk about climate, we need to do everything we can to set the stage before the actors come on. And they may only have one chance at success. We should keep thinking: How do we maximize that chance of success?
Lotteries are just one way to provide positive reinforcement. Their power comes from the fact that the chance of winning the prize is overvalued.
In time you may discover everything that can be discovered, and still your progress will only be progress away from humanity. The distance between you and them can one day become so great that your joyous cry over some new gain could be answered by an universal shriek of horror.
I'd rather learn how to prevent failure than how to gain success, because for what is success other than a state of mind?
Tis much to gain universal admiration; more, universal love.
?I know you're still young but I want you to understand and learn this now. Marriage can wait, education cannot. You're a very very bright girl. Truly you are. You can be anything you want Laila. I know this about you. And I also know that when this war is over Afghanistan is going to need you as much as its men maybe even more. Because a society has no chance of success if its women are uneducated Laila. No chance.
I always rewrite each day up to the point where I stopped. When it is all finished, naturally you go over it. You get another chance to correct and rewrite when someone else types it, and you see it clean in type. The last chance is in the proofs. You're grateful for these different chances.
You get the idea. Every business, like a painting, operates according to its own rules. There are many ways to run a successful company. What works once may never work again. What everyone tells you never to do may just work, once. There are no rules. You don't learn to walk by following rules. You learn by doing, and by falling over, and it's because you fall over that you learn to save yourself from falling over. It's the greatest thrill in the world and it runs away screaming at the first sight of bullet points.
Universal vaccination may well be the greatest success story in medical history.
Think of success as a game of chance in which you have control over the odds. As you begin to master concepts in personal achievement, you are increasing your odds of achieving success.
The process of growing up is to be valued for what we gain, not for what we lose.
The mere absorption of facts and truths is so exclusively an individual affair that it tends very naturally to pass into selfishness. There is no obvious social motive for the acquirement of mere learning, there is no clear social gain in success thereat.
From food and water, then, we may learn whether sites are naturally unhealthy or healthy.
The truth is, success often occurs for reasons we don't expect, under circumstances over which we have little control and sometimes unrelated to our own efforts. There is only one other lesson that success should teach us: Be as amazed by your own success as your friends are. If you truly are, you stand the best chance to repeat it.
The United States, knowing no distinction of her own citizens on account of religion or nationality, naturally believes in a civilization the world over which will secure the same universal laws.
Never trust a man whom you know to have acted like a scoundrel to others, whatever friendliness he may profess to feel towards yourself, however plausible he may be, or however kindly he may behave; be sure that, the moment he has anything to gain by so doing, he will "throw you over."
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