Mar
30
Quotes of the Day, from Jeff Watson
March 30, 2011 |
Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded—here and there, now and then—are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.
–Robert Heinlein
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2 Comments so far
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Ah, a Lazarus Long quote. Nice.
Here’s a tangential rejoinder:
But while the above sounds very much like Hari Seldon’s statistical predictive science of Psychohistory (or probabilistic mathematical sociology), they are not fictional words from a fictional Seldon. Rather, these solemn words were pronounced with much gravity by Charles Austin Beard, an American historian, in his address to the American Historical Association in 1933, titled “Written History as an Act of Fate”.
Alas, we do not have the benefit of a Lazarus Long/Robert Heinlein with his wisdom accumulated from a Methuselah-like thousand-year-long life, nor do we have access to Seldon’s Prime Radiant device coded with the right econometric equations to calculate the “totality of historical occurrences … and reveal the unfolding future to its last end”, and make faultless socio-economic-political predictions for judicious humankind planning and development.
To have a Prime Radiant code engine in our own blackbox algo trading model…
Less is more.
“There is no moral way to do an immoral thing.”
I think upon this and the war on Libya.