Jamal Awil

← An Engine, Not a Camera

Replying to Jensen, Buffet did not dismiss the latter's unflattering analogy out of hand. [contrarian]

Replying to Jensen, Buffet did not dismiss the latter's unflattering analogy out of hand. If all the inhabitants of the United States were to begin a cointossing game in which those who called wrongly, even once, were thrown out of the game, after twenty rounds there would still remain some 215 players who had called successfully twenty times in a row It would be easy to imagine that this successful few had superior predictive skills.

Donald MacKenzie, An Engine, Not a Camera, loc. 344