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Famous Quotes
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Famous Quotes

Term origin
The term originates from an analysis of the media-dominated world called The Image: A Guide to Pseudo-events in America (1961), by historian and social theorist Daniel J. Boorstin. In it, he defined the celebrity as "a person who is known for his well-knownness".He further argued that the graphic revolution in journalism and other forms of communication had severed fame from greatness and that this severance hastened the decay of fame into mere notoriety. Over the years, the phrase has been glossed as "a celebrity is someone who is famous for being famous".

The British journalist Malcolm Muggeridge may have been the first to use the actual phrase in the introduction to his book Muggeridge Through The Microphone (1967) in which he wrote; "In the past if someone was famous or notorious, it was for something—as a writer or an actor or a criminal; for some talent or distinction or abomination. Today one is famous for being famous. People who come up to one in the street or in public places to claim recognition nearly always say: 'I've seen you on the telly!'"

Neal Gabler more recently refined the definition of celebrity to distinguish those who have gained recognition for having done virtually nothing of significance — a phenomenon he dubbed the “Zsa Zsa Factor” in honor of Zsa Zsa Gabor, who parlayed her marriage to actor George Sanders into a brief movie career and the movie career into a much more enduring celebrity.He goes on to define the celebrity as “human entertainment,” by which he means a person who provides entertainment by the very process of living.

Some popular actors such as Jason Statham, Jon Hamm, Daniel Craig, and Billy Connolly have criticized the status of being "famous for being famous", arguing that it demeans the work of people who gain fame due to genuine talent.

Similar terms
Famesque

The Washington Post writer Amy Argetsinger coined the term fescue to define actors, singers, or athletes whose fame is mostly (if not entirely) due to one's physical attractiveness and/or personal life, rather than actual talent and (if any) successful career accomplishments. Argetsinger argued, "The fescue of 2009 are descended from that dawn-of-TV creation, the Famous for Being Famous. Turn on a talk show or Hollywood Squares and there'd be Zsa Zsa Gabor, Dr. Joyce Brothers, Charles Nelson Reilly, so friendly and familiar and -- what was it they did again?" She also used actress Sienna Miller as a modern-day example; "Miller became fescue by dating Jude Law . . . and then really famesque when he cheated on her with the nanny -- to the point that she was the one who made Balthazar Getty famesque (even though he's the one with the hit TV series, Brothers & Sisters) when he reportedly ran off from his wife with her for a while."

This is also known as an asset's "quoted price".

BREAKING DOWN 'Quote'

Quotes for stock and bond prices change throughout the trading day as new transactions occur one after another in a continual stream of trades. When you look up a stock quote for a given company, you are looking at the most recent price at which a trade was successfully executed for that particular security.

Potential investors or sellers in a company are more concerned about the bid and ask quotes as they reflect at what prices the stock can be bought or sold, while the price quote as defined in the first definition shows the price at which the stock traded most recently.

A price quote on a security, made by a dealer or market maker, that guarantees a bid or ask price up to the amount quoted. This differs from a nominal quote wherein the price and quantity of a bid or ask quote are not firmly posted.

A quoted price is the most recent price at which an investment (or any other type of asset) has traded. The quoted price of investments such as stocks, bonds, commodities, and derivatives changes constantly throughout the day as events occur that affect the financial markets and the perceived value of various investments. The quoted price represents the most recent bid and asks prices that buyers and sellers were able to agree on.

Wisdom or sapience is the ability to think and act using knowledge, experience, understanding, common sense, and insight. Wisdom has been regarded as one of four cardinal virtues; and as a virtue, it is a habit or disposition to perform the action with the highest degree of adequacy under any given circumstance with the limitation of error in any given action. This implies a possession of knowledge, or the seeking of knowledge to apply to the given circumstance. This involves an understanding of people, objects, events, situations, and the willingness as well as the ability to apply perception, judgment, and action in keeping with the understanding of what is the optimal course of action. It often requires control of one's emotional reactions (the "passions") so that the universal principle of reason prevails to determine one's action. In short, wisdom is a disposition to find the truth coupled with an optimum judgment as to what actions should be taken.

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