A Quote by Paul DePodesta
The nice thing about baseball is that all of the possible outcomes are known - it's not quite as messy as the real world. That makes the game an excellent playground for probability.
Quote Topics
Quote Author
Related Quotes
The funny thing about advertising is that it's not a zero-sum game... Historically, in the digital ad world, pie has gotten larger and it's possible for everyone to win, and it's perfectly possible that will continue to be true for quite some time.
The first thing to realize about physics ... is its extraordinary indirectness.... For physics is not about the real world, it is about "abstractions" from the real world, and this is what makes it so scientific.... Theoretical physics runs merrily along with these unreal abstractions, but its conclusions are checked, at every possible point, by experiments.
The entrepreneurial mind-set is that risk is the heightened probability that there is a big range of possible outcomes.
The thing about a real economy is that it actually is like the game of Monopoly in the sense that when one person has all the money, the game is over. And in a game of Monopoly, of course, that's quite charming, but in a real economy, it's much more problematic.
Baseball is actually interesting, I don't find me to be that interesting. But I am realistic enough to understand it's not about me, it's about the fact that I'm speaking for the game and people care so deeply about the game that they're watching to make sure that you do the right thing. And I feel a real responsibility to try to do the right thing as a result.
Investing is about making probabilistic decisions with limited information about an unknowable future. The variables are well known, as are the possible outcomes.
The worst thing about this modern world is that people think you get killed on television with zero pain and zero blood. It must enter into kids' heads that it's not very messy to kill somebody, and it doesn't hurt that much. That's a real sickness to me. That's a real sick thing.
Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank... need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path. They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
Baseball is a slow, boring, complex, cerebral game that doesn't lend itself to histrionics. You 'take in' a baseball game, something odd to say about a football or basketball game, with the clock running and the bodies flying.
Baseball is a slow, boring, complex, cerebral game that doesn't lend itself to histrionics. You "take in" a baseball game, something odd to say about a football or basketball game, with the clock running and the bodies flying.
That's what I love about baseball, that it gives the opportunity for every single guy to develop and play the game. There's not a rule that you have to be 6 foot or you have to be real strong to play baseball or to become a good player.
There are surprisingly few real students of the game in baseball; partly because everybody, my eighty-three year old grandmother included, thinks they learned all there was to know about it at puberty. Baseball is very beguiling that way.
The only real game - I think - in the world is baseball.
The only real game, I think, in the world is baseball.
It was our use of probability theory as logic that has enabled us to do so easily what was impossible for those who thought of probability as a physical phenomenon associated with "randomness". Quite the opposite; we have thought of probability distributions as carriers of information.
Why are people so fascinated by how to eat Valomilks?’ She said, ‘Well, Dad, they’re round and they’re messy. But that’s what makes them fun. Once we get older we’re not supposed to be messy anymore. But for one moment when you’re eating a Valomilk, it’s okay to be messy again.
Related Authors
Bill Gates Quotes
American
Businessman
Charlie Munger Quotes
American
Businessman
Dieter F. Uchtdorf Quotes
German
Businessman
Henry Ford Quotes
American
Businessman
Jim Rohn Quotes
American
Businessman
Joseph B. Wirthlin Quotes
American
Businessman
Mark Cuban Quotes
American
Businessman
Mark Zuckerberg Quotes
American
Businessman
Peter Drucker Quotes
American
Businessman
Richard Branson Quotes
British
Businessman
Russell Simmons Quotes
American
Businessman
Sam Altman Quotes
American
Businessman
Steve Jobs Quotes
American
Businessman
Tom Peters Quotes
American
Businessman
Walt Disney Quotes
American
Businessman
Warren Buffett Quotes
American
Businessman