"Average" isn't so hot at the race track given those steep track takes. "Average" is pretty decent for stocks, something like 6 percent above the inflation rate. For a buy-and -hold investor, commissions and taxes are small.
William PoundstoneUse "entropy" and you can never lose a debate, von Neumann told Shannon - because no one really knows what "entropy" is.
William PoundstoneBernoulli's real contribution was to coin a word. The word has been translated into English as "utility". It describes this subjective value people place on money.
William Poundstone