A Quote by Alan Greenspan

The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.

Alan Greenspan

Quote Topics

Coin Consecutive End Heads In The End Investors Millions Percent Picking Probability Stock Successful Ten Thousands Thus Tossers Very Will

Quote Author

Alan Greenspan
American - Economist
Born: March 6, 1926

I could tell you that when you have trouble making up your mind about something, tell yourself you'll settle it by flipping a coin. But don't go by how the coin flips; go by your emotional reaction to the coin flip. Are you happy or sad it came up heads or tails?

David Brooks

If you flip a coin three times and it lands on heads each time, it’s probably chance. If you flip it a hundred times and it lands on heads each time, you can be pretty sure the coin has heads on both sides. That’s the concept behind statistical significance—it’s the odds that the correlation (or other finding) is real, that it isn’t just random chance.

T. Colin Campbell

If you cannot always elicit a straight answer from the unconscious brain, how can you access its knowledge? Sometimes the trick is merely to probe what your gut is telling you. So the next time a friend laments that she cannot decide between two options, tell her the easiest way to solve her problem: flip a coin. She should specify which option belongs to heads and which to tails, and then let the coin fly. The important part is to assess her gut feeling after the coin lands. If she feels a subtle sense of relief at being "told" what to do by the coin, that's the right choice for her.

David Eagleman

What the Des Moines Register said - you know, there were coin - I think there were half a dozen coin flips - a fairly chaotic type situation. At the end of the day, no matter how it's recounted, it will break roughly even. I love and respect the caucus process in Iowa. See, and I don't have to say it, because they voted already.

Bernie Sanders

Time is the coin of your life. It is the only coin you have, and only you can determine how it will be spent. Be careful lest you let other people spend it for you.

Carl Sandburg

Madness and greatness are two sides of the same coin. Every time a new Targaryen is born, the gods toss the coin in the air and the world holds its breath to see how it will land.

George R. R. Martin

Past and future are two aspects of the same coin. The name of the coin is mind.

Rajneesh

Punishments and rewards are two sides of the same coin and that coin doesn't buy you much.

Alfie Kohn

There's two heads to every coin.

Jerry Coleman

Will customers keep supporting the enormous overhead required to sustain ineffectual, unproductive stock picking across an array of thousands of individual funds devoted to every investing 'style' and economic sector or regional subgroup that some marketing idiot can dream up? Not likely. A brutal shakeout is coming and one of its revelations will be that stock picking is a grossly overrated piece of the puzzle, that cost control is what distinguishes a competitive firm from an uncompetitive one.

Holman W. Jenkins, Jr.

I have resigned from the professional undertaking of coin flipping. I am not here to tell you where gold's going to be. I have no idea. That's my existentialism. I am a student of uncertainty, I have no idea where the stock market is going to be. So when I am creating trades in my portfolio for my clients, I am agnostic. I just want to enhance the probability that I make money come what may.

Hugh Hendry

What we know about Cleopatra's looks is based purely on her coin portraits. Engraving was imperfect, and that when you are a ruler and you ask for a coin to be engraved with your likeness on it, you are probably trying to project a certain air of authority.

Stacy Schiff

Melancholy and utopia are heads and tails of the same coin.

Gunter Grass

I regard psychiatry as fifty percent bunk, thirty percent fraud, ten percent parrot talk, and the remaining ten percent just a fancy lingo for the common sense we have had for hundreds and perhaps thousands of years, if we ever had the guts to read.

Raymond Chandler

For many, love is a two-sided coin. It can strengthen or stifle, expand or enfeeble, perfect or pauperize. When love is returned, we soar. We are taken to heights unseen, where it delights, invigorates, and beautifies. When love is spurned, we feel crippled, disconsolate, and bereaved. Polish the coin and you will see only requited love on both sides. I was destined to love you and I will belong to you forever.