efficiency

At the very least, people ought to think twice before throwing up their hands in horror at manipulating genes to, say, make a child good at music while approving sending a child to a school that is especially good at music. These are the same kinds of things. The genetic equivalent of sending your child to Eton is going to be expensive, too. There is no obvious distinction between spending your money on one kind of child manipulation and the other... You will immediately see the oddness in what you have just said. You are saying that one works and the other doesn't. It's odd to take refuge in lack of efficiency as a defense.

The evolutionary importance of the fact that genes control embryonic development is this: it means that genes are at least partly responsible for their own survival in the future, because their survival depends on the efficiency of the bodies in which they live and which they helped to build.

16 Rules for Investment Success - Invest — don’t trade or speculate. “The stock market is not a casino, but if you move in and out of stocks every time they move a point or two…the market will be your casino.” Remain flexible and open-minded about types of investment. “There are times to buy blue chip stocks, cyclical stocks, corporate bonds, U.S. Treasury instruments, and so on. And there are times to sit on cash…The fact is there is no one kind of investment that is always best.” Buy low. “It is extremely difficult to go against the crowd — to buy when everyone else is selling or has sold, to buy when things look darkest…[but] chances are if you buy what everyone is buying you will do so only after it is already overpriced.” When buying stocks, search for bargains among quality stocks. “Determining quality in a stock is like reviewing a restaurant. You don’t expect it to be 100% perfect, but before it gets three or four stars you want it to be superior.” Diversify. “In stocks and bonds, as in much else, there is safety in numbers.” Do your homework or hire wise experts to help you. “People will tell you: Investigate before you invest. Listen to them. Study companies to learn what makes them successful.” Don’t panic. “The time to sell is before the crash, not after.” Learn from your mistakes. “The only way to avoid mistakes is not to invest — which is the biggest mistake of all…The big difference between those who are successful and those who are not is that successful people learn from their mistakes and the mistakes of others.” An investor who has all the answers doesn’t even understand all the questions. “A cocksure approach to investing will lead, probably sooner than later, to disappointment if not outright disaster. Even if we can identify an unchanging handful of investing principles, we cannot apply these rules to an unchanging universe of investments—or an unchanging economic and political environment. Everything is in a constant state of change, and the wise investor recognizes that success is a process of continually seeking answers to new questions.” Do not be fearful or negative too often. “Even in the dark ’70s, many professional money managers — and many individual investors too — made money in stocks, especially those of smaller companies. There will, of course, be corrections, perhaps even crashes. But, over time, our studies indicate stocks do go up…and up…and up.”

It seems to be a law in American life that whatever enriches us anywhere except in the wallet inevitably becomes uneconomic.

Any man who tries to excite class hatred, sectional hate, hate of creeds, any kind of hatred in our community, though he may affect to do it in the interest of the class he is addressing, is in the long run with absolute certainly that class's own worst enemy.

It's not the critic who counts. Not the man who points out how the doer of deeds might have done them better. Instead, the credit belongs to the man in the arena whose face is marred by sweat and blood and tears.

Political parties exist to secure responsible government and to execute the will of the people. From these great tasks both of the old parties have turned aside. Instead of instruments to promote the general welfare they have become the tools of corrupt interests, which use them impartially to serve their selfish purposes. Behind the ostensible government sits enthroned an invisible government owing no allegiance and acknowledging no responsibility to the people.To destroy this invisible government, to dissolve the unholy alliance between corrupt business and corrupt politics, is the first task of the statesmanship of the day.

Practical equality of opportunity for all citizens, when we achieve it, will have two great results. First, every man will have a fair chance to make of himself all that in him lies; to reach the highest point to which his capacities, unassisted by special privilege of his own and unhampered by the special privilege of others, can carry him, and to get for himself and his family substantially what he has earned. Second, equality of opportunity means that the commonwealth will get from every citizen the highest service of which he is capable. No man who carries the burden of the special privileges of another can give to the commonwealth that service to which it is fairly entitled.

The joy in life is his who has the heart to demand it.

The process has aroused much antagonism, a great part of which is wholly without warrant. It is not true that as the rich have grown richer the poor have grown poorer. On the contrary, never before has the average man, the wage-worker, the farmer, the small trader, been so well off as in this country and at the present time. There have been abuses connected with the accumulation of wealth; yet it remains true that a fortune accumulated in legitimate business can be accumulated by the person specially benefited only on condition of conferring immense incidental benefits upon others. Successful enterprise, of the type which benefits all mankind, can only exist if the conditions are such as to offer great prizes as the rewards of success.

A country survives its legislation. That truth should not comfort the conservative nor depress the radical. For it means that public policy can enlarge its scope and increase its audacity, can try big experiments without trembling too much over the result. This nation could enter upon the most radical experiments and could afford to fail in them.

Our model citizen is a sophisticate who before puberty understands how to produce a baby, but who at the age of thirty will not know how to produce a potato.

It is quite natural that if a child of limited intelligence can only do one subject, that subject should be arithmetic. The judgments involved in thinking, "Is this the right block? No, that one's too long," and later associating the various blocks with 0, 1, 2, ...., and 9 are much simpler than those required to learn the 26 letters of the alphabet and the eccentricities of English and American spelling.

The overwhelming majority of Indian people today have little understanding or remembrance of the powers once possessed by the spiritual leaders of their communities. What we do today is often simply a "walk-through" of a once-potent ceremony that now has little visible effect on the participants. The exercise of spiritual powers still continues in some places but lacks the definitive intensity of the old days.

Basically all the world’s computer parts come from the same supply chain that runs from Korea, down through coastal China, over to Taiwan, and down to Malaysia.

Using computer simulation and graphics, you can now bring all sorts of data together to create models that will show you how all kinds of complex things work together–before you actually go through the process of building them.

The interesting and inspiring thing about America is that she asks nothing for herself except what she has a right to ask for humanity itself.

They stood where they stood by the power of the sword.

Could the Cheerios be in bad voice? Might not they handle well on curves? Do they ejaculate too quickly? Has age affected their timing or are they merely in a mid-season slump? Afflicted with nervous exhaustion or broken hearts, are the Cheerios smiling bravely, insisting that the show must go on?

The use of text messaging for propaganda purposes – known as “red-texting” – reveals another creative streak among China’s propaganda virtuosos. The practice may have grown out of a competition organized by one of China’s mobile phone operators to compose the most eloquent Party-admiring text message. Fast forward a few years, and senior telecom officials in Beijing are already busily attending “red-texting” symposia.
“I really like these words of Chairman Mao: ‘The world is ours, we should unite for achievements. Responsibility and seriousness can conquer the world and the Chinese Communist Party members represent these qualities.’ These words are incisive and inspirational.” This is a text message that thirteen million mobile phone users in the Chinese city of Chongqing received one day in April 2009. Sent by Bo Xilai, the aggressive secretary of the city’s Communist Party who is speculated to have strong ambitions for a future in national politics, the messages were then forwarded another sixteen millions times. Not so bad for an odd quote from a long-dead Communist dictator.