A Quote by Hans H Wellisch

Detailed analytical indexing is generally the hallmark of good back-of-the-book indexes. — © Hans H Wellisch
Detailed analytical indexing is generally the hallmark of good back-of-the-book indexes.
[With] closet indexing....you're paying a manager a fortune and he has 85% of his assets invested parallel to the indexes. If you have such a system, you're being played for a sucker.
I was looking at books and reading the indexes and finding a next book and reading that book, and then from that index ... It was a version of surfing the internet before the internet. I was surfing the New York Public Library. It was back when you had to fill out a form and put it in a chute.
Nobody wants to be passive; indexing is not passive - much more goes into indexing than watching a stock become the next buggy whip.
Indexing is a successful approach to investing not because it's simple, but because it has performed so much better than the average active manager (the opposite of indexing), and the simplicity is just an added bonus.
The indexing problem changes with each new book undertaken. To meet the needs of different classes of seekers and to suit various types of books, rules entirely satisfactory in one case must be varied in the next and perhaps ignored or even reversed for a third... Indexing is a highly complex intellectual process involving the use of language in a specific and somewhat artificial way, and that it is also to a considerable extent a matter of intuition, the workings of which cannot be reduced to fixed rules. It is 'knowing what but not knowing how'.
Washington - having spent a lot of time there, I grew up there and have spent a lot of time there recently - is largely defined by detailed analytical views and policy choices that are not very good. You know, each policy choice has a winner and a loser, right? Somebody's ox is getting gored.
The appearance of aged persons is too well known to make detailed description necessary. The skin of the face is dry and wrinkled and generally pale. The hairs on the head and the body are white. The back is bent, and the gait is slow and laborious, whilst the memory is weak. Such are the most familiar traits of old age.
The main thing that develops positional judgement, that perfects it and makes it many-sided, is detailed analytical work, sensible tournament practice, a self-critical attitude to your games and a rooting out of all the defects in your play.
I remember going over proofs of this book - my first book - back in 2001, in a bar in Toronto called the 'Victory Cafe', and thinking sadly to myself, 'This is a very good manuscript but not a very good book.' I don't know what I meant by that, but I was pretty heartbroken and sure it was true.
It is well documented that the same text, indexed by several indexers, will result in as many slightly or even substantially different indexes, and even the same indexer will produce varying indexes for the same text at different times.
It is quite easy to see why a legend is treated, and ought to be treated, more respectfully than a book of history. The legend is generally made by the majority of people in the village, who are sane. The book is generally written by the one man in the village who is mad.
I can say the willingness to get dirty has always defined us as an nation, and it's a hallmark of hard work and a hallmark of fun, and dirt is not the enemy.
I like Burton Malkiel's 'A Random Walk Down Wall Street.' He comes to the same conclusion that I do - that indexing is the way. My 'Little Book of Common Sense Investing' says pretty much the same thing.
I don't want to get too detailed into it, but when you're a good high school running back, you can almost be whatever type of runner you want to be. If you're a good size and a good athlete, you can be whatever type of runner you want.
I don’t want to get too detailed into it, but when you’re a good high school running back, you can almost be whatever type of runner you want to be. If you’re a good size and a good athlete, you can be whatever type of runner you want.
I don't want to be so analytical of my own life, because if I start to be analytical of my own life, maybe I'll choose not to believe anything that's going on. But, the fact of the matter is, I've experienced both sides of it now. Sides where you have a great time with people on set, and then you do just step away. And it's not malicious. It's just that people go back and live their lives and do whatever.
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