Forthcoming Quotes - page 2

A forthcoming book by Harry Markowitz, Techniques of Portfolio Selection, will treat the general problem of finding dominant sets and computing the corresponding opportunity locus, for sets of securities all of which involve risk. Markowitz's main interest is prescription of rules of rational behaviour for investors; the main concern of this paper is the implications for economic theory, mainly comparative statics, that can be derived from assuming that investors do in fact follow such rules. (James Tobin)
Such obscenities as the forthcoming trial of the Tennessee evolutionist, if they serve no other purpose, at least call attention dramatically to the fact that enlightenment, among mankind, is very narrowly dispersed. It is common to assume that human progress affects everyone-that even the dullest man, in these bright days, knows more than any man of, say, the Eighteenth Century, and is, far more civilized. This assumption is quite erroneous. The man of the educated minority, no doubt, know more than their predecessors, and of some of them, perhaps, it may be said that they are more civilized- though I should not like to be put to giving names, but the great masses of men, even in this inspired republic, are ignorant, they are dishonest, they are cowardly, they are ignoble. They know little if anything that is worth knowing, and there is not the slightest sign of a natural desire among them to increase their knowledge. View quote
H. L. Mencken