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— Judy Woodruff"Income tax in particular in the United States is concentrated on the top half of the income distribution, and very heavily skewed towards the top 10 or even top 1 percent."
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There is no single test or formula for producing moral progress anymore than there is for generating scientific truths. It is a process involving theoreticians, fact-gatherers, protestors, martyrs for the cause, authors of first- person narratives who change the way we see and evaluate the distribution of harms and benefits.
— Catherine Wilson
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The distribution of the market is fat-tailed relative to the normal distribution... For passive investors, none of this matters, beyond being aware that outlier returns are more common than would be expected if return distributions were normal.
— Eugene Fama
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