• Thought of the Day

    Thought of the Day

    2000: You can't tell if a person was a leader or not until after they've left.

    –U.S. Secretary of the Treasury Paul O'Neill, at the Money Summit, June 18, 2002.

Today in Financial History

1700: Daniel Bernoulli, one of the giants of probability theory and the father of modern risk analysis, is born in Basel, Switzerland.

Samuel Kotz and Norman L. Johnson, "Lifelengths of 'Leading Personalities' in Statistics," Chance: The Magazine of the American Statistical Association, vol. 12, no. 4, 1999, p. 32;Peter L. Bernstein, Against the Gods: The Remarkable Story of Risk (John Wiley & Sons, NY, 1996), p. 100

1688: The London Gazette publishes the earliest known reference to "Edward Lloyd's coffee house," the birthplace of Lloyd's of London and the insurance industry.