Quotes About Deviations

Exceptions are dangerous, Mr. Clay. Give them a foothold and they turn into habits.

Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not. Are deviations from full employment a social problem? Obviously.

Passive market timing consists of inadvertent deviations from long-term targets caused by the action of market forces on the values of a portfolio's various asset classes. Whether caused by an investor's active decision or an investor's passive indifference, market-timing returns result from deviations between hypothetical target portfolio returns and actual portfolio asset class returns.

The great artifice of regarding small deviations from the truth as being the truth itself is at the same time the foundation of wit, where the whole thing would often collapse if we were to regard these deviations in a spirit of philosophical rigor.

With graceful deviations in which caprice is blended with virtuosity

treasure your exceptions!. . . Keep them always uncovered and in sight. .

Obviously, the history of the franchise is a history of anomalies.