Macaulay Duration

Famous quotes containing the words macaulay and/or duration:

“The reluctant obedience of distant provinces generally costs more than it [the territory] is worth. Empires which branch out widely are often more flourishing for a little timely pruning.”
—Thomas Babington Macaulay (1800–1859)

“What matters it that man should have a little more knowledge of the universe? If he has it, he gets little higher. Is he not always infinitely removed from the end, and is not the duration of our life equally removed from eternity, even if it lasts ten years longer?”
—Blaise Pascal (1623–1662)