There is never such a thing as a single true and fair view, only a range of possible outcomes. To assess a value from the mean outcome is as meaningless as the observation that the average person has 1.99 legs.
Tag Search Results
30 July 2014, Financial Times
19 February 2014, Financial Times
Anthropology helps us understand the world, in ways that are helpful whether we are talking about the internal contradictions of communism or the pathologies of financial crises.
18 December 2013, Financial Times
To say comparisons of academic performance are always imperfect and open to revision is not to say they cannot be made at all.
30 November 2013, Financial Times
The monetary rewards attached to different occupations and social positions change from one period of history to another. The houses remain, the backgrounds of their occupants change.
07 August 2013, Financial Times
Money is a confidence game; its value depends entirely on the willingness of other people to accept it.
17 July 2013, Financial Times
What happened at Enron, and in the banks, was that trading assets were marked to values that had been established not by people who knew about the contracts or the loans, but by the biased and ill-informed assessments of the traders.
17 April 2013, Financial Times
The growth of the trading culture has encouraged the belief that the only measure of value is what someone is willing to pay. But this is a mistake.
07 March 2013, Financial Times
The most remarkable thing about Warren Buffett’s achievements is not that no one has rivalled his record, it is that almost no one has seriously tried to emulate his investment style.
23 January 2013, Financial Times
Should there be markets for sperm, surrogate motherhood or transplant organs?
19 December 2012, Financial Times
Anyone who thinks the quest for scale economies is the primary explanation of the human desire for family life is strangely deficient in observational capacity, as well as common sense.
14 January 2011, Scottish Affairs
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