In his 1996 book, Against the Gods: The Remarkable Story of Risk, Peter L. Bernstein wrote, “Regression to the mean motivates almost every variety of risk-taking and forecasting. It is at the root of homilies like ‘What goes up must come down,’ ‘Pride goeth before a fall,’ and ‘From shirtsleeves to shirtsleeves in three generations.
-Jim Holt
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