A Quote by Lawrence O'Donnell
Where I come from, no one settled their disagreements with bets, because no one of us had any money to bet.
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There are just four kinds of bets. There are good bets, bad bets, bets that you win, and bets that you lose. Winning a bad bet can be the most dangerous outcome of all, because a success of that kind can encourage you to take more bad bets in the future, when the odds will be running against you. You can also lose a good bet no matter how sound the underlying proposition, but if you keep placing good bets, over time, the law of averages will be working for you.
The one thing that I think separates Microsoft from a lot of other people is we make bold bets. We're persistent about them, but we make them. A lot of people won't make a bold bet. A bold bet doesn't assure you of winning, but if you make no bold bets you can't continue to succeed. Our industry doesn't allow you to rest on your laurels forever. I mean, you can milk any great idea. Any idea that turns out to be truly great can be harvested for tens of years. On the other hand, if you want to continue to be great, you've got to bet on new things, big, bold bets.
A delusion that encourages belief where there is no evidence is asking for trouble. Disagreements between incompatible beliefs cannot be settled by reasoned argument because reasoned argument is drummed out of those trained in religion from the cradle. Instead, disagreements are settled by other means which, in extreme cases, inevitably become violent. Scientists disagree among themselves but they never fight over their disagreements. They argue about evidence or go out and seek new evidence. Much the same is true of philosophers, historians and literary critics.
A syndicate is a group that has gotten together to pool their money so they can cover more contingencies. If I come to track with, say, $200, and I join a syndicate of 20 people, each of whom can bet $200, we can spread our bets, and that gives us a better chance of winning.
Hathaway!" Stan barked, coming from the direction of the field. "Nice of you to join us. Get in there now! You're lucky you aren't one of the first ones, " he growled.People were even making bets about whether you'd show. " "Really?" I asked cheerfully. "What kind of odds are there on that? Because I can still change my mind and put down my own bet. Make a little pocket money.
If I had to lay bets, my bet would be that everything is going to go to hell, but, you know, what else have we got except hope?
He who bets on governments and government money bets against 6,000 years of recorded human history.
I had a gentleman steal or 'misplace' - I guess I should say 'allegedly' - a lot of money from me. It didn't make any sense when it was happening, because I just didn't understand why I didn't have any money. I was a perfect mark because I had all of this shame and insecurity about money.
What's the best gamble in the world, right now? Its betting that Deutsche Bank stock is going to go down. Short sellers borrowed money from their banks to place bets that Deutsche Bank stock is going to go down. Now, it's wringing its hands and saying, "Oh the speculators are killing us." But it's Deutsche Bank and the other banks that are providing the money to the speculators to bet on credit.
Any idea that turns out to be truly great can be harvested for tens of years. On the other hand, if you want to continue to be great, you've got to bet on new things, big, bold bets.
I've lost millions. The money's not the problem it's the sanity. You go insane. As soon as the bets on you are like 'what did I do that for?' You search and search for the bet and then you think 'why did I do it?' Then the self-worth comes in and you hate it.
Many of us assume that we have to do things a certain way: ignore passion in favor of safer bets, act stoic amid inner turmoil, run on an upward trajectory of success and money acquisition at any emotional cost. But these are not rules.
Some days I make 20 bets. Some days, I make none...so I wait, plan, marshal my resources. And when I finally see an opportunity and there is a bet to make, I bet it all.
You don't want to have any disagreements with a friend, you know? Not disagreements that become public record and that you still have to answer questions about 10 years later.
Religion is unusual among divisive labels in being spectacularly unnecessary. If religious beliefs had any evidence going for them, we might have to respect them in spite of their concomitant unpleasantness. But there is no such evidence. To label people as death-deserving enemies because of disagreements about real world politics is bad enough. To do the same for disagreements about a delusional world inhabited by archangels, demons and imaginary friends is ludicrously tragic.
The main reason I write the daily observations is because I want to know where I'm wrong. So lots of times if somebody points something out it helps me, and I want to have a diversified bet of uncorrelated bets.
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