Quote by Milton Friedman

Never try to walk across a river just because it has an average depth of four feet.

Never try to walk across a river just because it has an aver

Summary

This quote advises against making assumptions based solely on general information. Although the average depth of a river may be four feet, it does not account for potential variations such as uneven terrain or stronger currents. It serves as a reminder to approach situations with caution and make informed decisions rather than blindly relying on statistical averages.

Topics

Risk

By Milton Friedman

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