Quotes About Average

The average trade book has a shelf life of between milk and yogurt, except for books by any member of the Irving Wallace family - they have preservatives.

El gran peligro de la mediocridad es que es soportable.

There is no rule that is true under all circumstances, for this is the real and not a statistical world. Because the statistical method shows only the average aspects, it creates an artificial and predominantly conceptual picture of reality.

One study of twenty years of data in the United States concluded that "the preferences of the average American appear to have only a minuscule, near-zero, statistically non-significant impact upon public policy."4

You see my point? The average person has a very average notion of goodness to which they aspire averagely. To aspire to goodness in any remarkable way would be 'undemocratic'.

Think about how stupid the average person is, and then realize half of 'em are stupider than that.

Think of how stupid the average person is, and realize half of them are stupider than that.

For the record, and those readers oblivious to metaphor, I would have avoided the subject entirely if my wife did not assure me I was of average size, an opinion as comforting as it is troublesome, because I know how much research she's done first hand. From the chapter, Small Penis Rule.

The average hedge fund manager is going to earn zero per cent in extra return.

Public opinion: a vulgar, impertinent, anonymous tyrant who deliberately makes life unpleasant for any one of us who is not content to be the average man.

With Biggie, I thought his flow and his swag was better than Tupac's, but I thought Tupac's passion and ability to relate to the average person was better than Biggie, and I thought Nas was kind of like both, with a lot substance going but a lot of swag.

I'm pretty boring, as it turns out.

But none of us wants to be average. That we are so is a melancholy fact borne in upon us in middle life, and we do not always relish it.

The man who wins is the average man, Not built on any particular plan; Not blessed with any particular luck

Maximum of an average is necessarily less volatile than the average maximum

80 to 90% of people think that they are above the average (and the median) in many things.

Median means roughly that 50% of the people die before eight months and 50% survive longer than eight months. But those who survive would live considerably longer, generally going about life just like a regular person and fulfilling the average 73.4 or so years predicted by insurance mortality tables. There is asymmetry. Those who die do so very early in the game, while those who live go on living very long.

b) The more volatile the something—the more uncertainty—the more the function divorces itself from the something. Let us consider the average number of cars again. The function (travel time) depends more on the volatility around the average. Things degrade if there is unevenness of distribution. For the same average you prefer to have 100,000 cars for both time periods; 80,000 then 120,000, would be even worse than 90,000 and 110,000.

c) If the function is convex (antifragile), then the average of the function of something is going to be higher than the function of the average of something. And the reverse when the function is concave (fragile).

Take a population of 10 people, 9 having a net worth of $ 30,000 and 1 having a net worth of $ 1,000. The average net worth is $ 27,100 and 9 out of 10 people will have above average wealth.

Extremistan, you will have trouble figuring out the average from any sample since it can depend so much on one single observation. The idea is not more difficult than that. In Extremistan, one unit can easily affect the total in a disproportionate way. In this world, you should always be suspicious of the knowledge you derive from data. This is a very simple test of uncertainty that allows you to distinguish between the two kinds of randomness. Capish?

the more nonlinear the response, the less relevant the average, and the more relevant the stability around such average.

Never cross a river if it is on average four feet deep

the distance between opinions is remarkably narrower than the distance between the average of opinions and truth.