Stock prices relative to company assets are no better at signaling the likelihood of future earnings growth than they were the day the Titanic sank, and risk management is a good deal worse.
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.
Our planet is warming due to pollution from human activities. And a warming climate increases the likelihood of extreme weather.
In 1960 I published a book that attempted to direct attention to the possibility of a thermonuclear war, to ways of reducing the likelihood of such a war, and to methods for coping with the consequences should war occur despite our efforts to avoid it.
Past performance speaks a tremendous amount about one's ability and likelihood for success.
If you use Facebook - as I do - Facebook in all likelihood has a unique digital file of your face, one that can be as accurate as a fingerprint and that can be used to identify you in a photo of a large crowd.
People say, 'I'm for job training. We can train people to increase the likelihood that they can be self-sufficient.' Okay, that's great, you're for job training - I like job training - but do you think the federal government should have 163 different job-training programs?
The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it.
All of the information that we were getting up to that time from the NRC people, from our people who knew something about nuclear power, was that the breach of the core was not a likelihood to happen.
I would define independent film as a movie that is not financed by any of the smaller film companies. Because then, those are movies that in all likelihood are made without stars. And then they have to rely just on the material.