Investing · Entrepreneur memoirs

Samuel Smiles:Thrift, Excerpt 67

Samuel Smiles《Thrift》· Thrift · Investing

Equally extensive observations have been made as to the average number of persons of various ages who die yearly. It is always the number of the experiments which gives the law of the probability. It is on such observations that the actuary founds his estimates of the mortality that exists at any given period of life. The actuary tells you that he has been guided by the Laws of Mortality. Now the results must be very regular, to justify the actuary in speaking of Mortality as governed by Laws. And yet it is so.

Source: https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 67 · Verified:2026-10-19 · Verification:Short excerpt

Today's question

Does this passage change one judgment about money or risk today?

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