Wednesday, September 28, 2011

I live in Practice and the road to Theory has been washed out

In theory there is no difference between theory and practice. In practice there is.

Yogi Berra

Theory is when you understand everything, but nothing works.

Practice is when everything works, but nobody understands why.

At this station, theory and practice are united, so nothing works and nobody understands why.

From the speech by Richard Fischer, president and CEO of the Federal Reserve Bank of Dallas. http://www.dallasfed.org/news/speeches/fisher/2011/fs110927.cfm

In Theory everything is possible; however, I live in Practice and the road to Theory has been washed out.

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You are not entitled to your opinion. You are entitled to your informed opinion. No one is entitled to be ignorant.

Harlan Ellison