QUOTE A DAY - January 28, 2014

Greetings fellow quote lovers:

Just the quotes...

Best,
JA

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*---- Quotes For The Week ----*
Neither observation nor reason are authorities. Intellectual intuition and imagination are most important, but they are not reliable: they may show us things very clearly, and yet they may mislead us. They are indispensable as the main sources of our theories; but most of our theories are false anyway.
--Karl Popper, Philosopher

The most important function of observation and reasoning, and even of intuition and imagination, is to help us in the critical examination of those bold conjectures which are the means by which we probe into the unknown.
--Karl Popper, Philosopher

The more we learn about the world and the deeper our learning, the more conscious, specific, and articulate will be our knowledge of what we do not know, our knowledge of our ignorance. For this is indeed the main source of our ignorance-the fact that our knowledge can only be finite while our ignorance must necessarily be infinite.
--Karl Popper, Philosopher


**--- MYSTERY QUOTE ---**
Economic models are extremely fragile to assumptions, in the sense that a slight alteration in these assumptions can lead to extremely consequential differences in the results.

See at the bottom for the answer

*---- More Quotes for the Week ----*
Progress has never been a bargain. You have to pay for it. Sometimes I think there's a man who sits behind a counter and says, 'All right, you can have a telephone but you lose privacy and the charm of distance. Madam, you may vote but at a price. You lose the right to retreat behind the powder puff or your petticoat. Mister, you may conquer the air but the birds will lose their wonder and the clouds will smell of gasoline.'
--Henry Drummond, From "Inherit the Wind"

Mr. Brady, it is the duty of a newspaper to comfort the afflicted and afflict the comfortable.
--E.K. Hornbech, "Inherit the Wind"

Can't you understand? That if you take a law like evolution and you make it a crime to teach it in the public schools, tomorrow you can make it a crime to teach it in the private schools? And tomorrow you may make it a crime to read about it. And soon you may ban books and newspapers. And then you may turn Catholic against Protestant, and Protestant against Protestant, and try to foist your own religion upon the mind of man. If you can do one, you can do the other. Because fanaticism and ignorance is forever busy, and needs feeding. And soon, your Honor, with banners flying and with drums beating we'll be marching backward, BACKWARD, through the glorious ages of that Sixteenth Century when bigots burned the man who dared bring enlightenment and intelligence to the human mind!
--Henry Drummond, From "Inherit the Wind"


MYSTERY QUOTE AND ANSWER - DID YOU GUESS CORRECTLY?

Economic models are extremely fragile to assumptions, in the sense that a slight alteration in these assumptions can lead to extremely consequential differences in the results.

ANSWER: Nassim Taleb

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