Macaulay Duration

Famous quotes containing the words macaulay and/or duration:

    As to the family, I have never understood how that fits in with the other ideals—or, indeed, why it should be an ideal at all. A group of closely related persons living under one roof; it is a convenience, often a necessity, sometimes a pleasure, sometimes the reverse; but who first exalted it as admirable, an almost religious ideal?
    —Rose Macaulay (1881–1958)

    This pond never breaks up so soon as the others in this neighborhood, on account both of its greater depth and its having no stream passing through it to melt or wear away the ice.... It indicates better than any water hereabouts the absolute progress of the season, being least affected by transient changes of temperature. A severe cold of a few days’ duration in March may very much retard the opening of the former ponds, while the temperature of Walden increases almost uninterruptedly.
    Henry David Thoreau (1817–1862)