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"The so-called co-efficient of heritability, which I regard as one of those unfortunate short-cuts, which have often emerged in biometry for lack of a more thorough analysis of the data."

— Ronald Fisher
ronald fisher Quotes Data,Analysis,Unfortunate

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Short Cuts

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The first job of the historian and of the journalist is to find facts. Not the only job, perhaps not the most important, but the first. Facts are the cobblestones from which we build roads of analysis, mosaic tiles that we fit together to compose pictures of past and present. There will be disagreement about where the road leads and what reality or truth is revealed by the mosaic picture. The facts themselves must be checked against all the available evidence. But some are round and hard--and the most powerful leaders in the world can trip over them. So can writers, dissidents and saints.

— Timothy Garton Ash

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Individual security bargains may be located by the process of security analysis practically at any time. They can be bought with good overall results at all periods except when the general market itself is clearly in a selling range for investors. They show up to best advantage during the years in which the market remains in a relatively narrow and neutral area.

— Benjamin Graham

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