๐Ÿ’ฌ Tenth men

“You can never tell what a man is able to do, but even though I recommend ten, and nine of them may disappoint me and fail, the tenth one may surprise me. That percentage is good enough for me, because it is in developing people that we make real progress in our own society.”

August Vollmer, Chief of Police, Berkeley P.D. 1909-1923, Los Angeles P.D. 1923-1924

๐Ÿ’ฌ Play the markets

“I [suspect] that we are throwing more and more of our resources, including the cream of our youth, into financial activities remote from the production of goods and services, into activities that generate high private rewards disproportionate to their social productivity. I suspect that the immense power of the computer is being harnessed to this ‘paper economy’, not to do the same transactions more economically but to balloon the quantity and variety of financial exchanges.”

James Tobin, July 1984