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Truly risk‐seeking individuals would be expected to lose most of their wealth in short order, paying for the “pleasure” of taking negative edge gambles. Common sense is all that's needed to conclude this can't be consistent with what most people would think of as “good” decision‐making.
The Missing Billionaires
Victor Haghani and James White
Sir Isaac Newton and Gottfrieb Leibnitz, working in the United Kingdom and Germany, found the gradient of the tangent by taking an infinitely small rise divided by an infinitely small run. The subject they founded was infinitesimal calculus, and this branch of it – finding the gradients of curves – is differentiation.
The Little Book of Mathematical Principles, Theories & Things
Robert Solomon
In July 1961, Warren wrote his partners that the partnership had invested in a nameless company that might prove to be “a deterrent to short-range performance, but it gives strong promise of superior results over a several-year period.”6 He named Dempster, which the partnership now controlled, and wrote a little sermon about it in his January 1962 letter.7 The “deterrent to short-range performance” part would prove more prescient than he expected.
The Snowball
Alice Schroeder
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