It is the concept of likelihood that a real understanding of probability resides, and we must learn how to measure it.

It is terribly important to appreciate that some things remain obscure to the bitter end.

Certain management policies-stretching of credit resources, for example-may lead to great progress in good conditions; but, like the Grand Prix car in comparison with the Land Rover, they may not be robust enough to survive when the going gets tough.

Policy-making, decision-taking, and control: These are the three functions of management that have intellectual content.

According to the science of cybernetics, which deals with the topic of control in every kind of system (mechanical, electronic, biological, human, economic, and so on), there is a natural law that governs the capacity of a control system to work. It says that the control must be capable of generating as much "variety" as the situation to be controlled.

The system of transportation is not coherent; it is not treated as integral. Roads compete with with railroads and airlines in chaotic fashion, and at immense cost to the nation.

It is the concept of likelihood that a real understanding of probability resides, and we must learn how to measure it.