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My work on human capital began with an effort to calculate both private and social rates of return to men, women, blacks, and other groups from investments in different levels of education.
American stuntmen are smart - they think about safety. When they do a jump in a car, they calculate everything: the speed, the distance... But in Hong Kong, we don't know how to count. Everything we do is a guess. If you've got the guts, you do it. All of my stuntmen have gotten hurt.
If your goal is to make money, becoming an entrepreneur is a sucker's bet. Sure, some entrepreneurs make a lot of money, but if you calculate the amount of stress-inducing work and time it takes and multiply that by the low likelihood of success and eventual payoff, it is not a great way to get rich.
The first thing I did was give up sweet tea because I drank so much. I'd start drinking at lunchtime and wouldn't set it down until I went to bed. When you calculate how much empty calories and how much sugar I was consuming, it was staggering. So I haven't had a glass of sweet tea in three years.
You can't just count on becoming a syndicated cartoonist. I actually tried to calculate the odds once, and the best I could come up with is a 1-in-36,000 chance. And the odds of getting hit by lightning are 1 in 7,900 - which kind of shows how long those odds are.
I can calculate the motion of heavenly bodies, but not the madness of people.
When I was at Berkeley, the framework of quantum field theory could calculate the dynamics of electromagnetism. It could roughly describe the motion of the weak nuclear force, radiation. But it hit a brick wall with the strong interaction, the binding force.
We cannot calculate the numbers of people who left, fled or were fished out of Europe just ahead of the Holocaust.
Every nation whose affairs betray a want of wisdom and stability may calculate on every loss which can be sustained from the more systematic policy of its wiser neighbors.
Most people that derail as leaders in the corporate world, it's not because they couldn't do the math and calculate return on investment properly. The issues are communication and understanding. All of what typically would've been called the 'soft stuff.' You have to be authentic. You have to be dialed into the soft stuff.