The difference between a trader and an investor lies in the duration of the bet, and the corresponding size. There.
Technothinkers tend to have an “engineering mind” – to put it less politely, they have autistic tendencies. While they don’t usually wear ties, these types tend, of course, to exhibit all the textbook characteristics of nerdiness – mostly lack of charm, interest in objects instead of persons, causing them to neglect their looks. They love precision at the expense of applicability. And they typically share an absence of literary culture.
Mine was the only job you could do if you thought of yourself as risk-hating, risk-aware, and highly ignorant.
What makes life simple is that the robust and antifragile don’t have to have as accurate a comprehension of the world as the fragile – and.
Further, we are victims to a new disease, called in this book neomania, that makes us build Black Swan–vulnerable systems – “progress.
People try to impress you with the things they have done... You should be more impressed with things they would never do.
Aside from the decorum of ancient thought as opposed to the coarseness of fresh ink, I have spent some time phrasing the idea in the mathematics of evolutionary arguments and conditional probability. For an idea to have survived so long across so many cycles is indicative of its relative fitness. Noise, at least some noise, was filtered out.
You are a lucky man; you presented in such a comprehensive way the effect of chance on society and the overestimation of cause and effect. You show how stupid we are to systematically try to explain skills.
Also consider that lobbyists – this annoying race of lobbyists – cannot exist in a municipality or small region.
They game the system while citizens pay the price. At no point in history have so many non-risk-takers, that is, those with no personal exposure, exerted so much control. The chief ethical rule is the following: Thou shalt not have antifragility at the expense of the fragility of others.
A king, angry at his son, swore that he would crush him with a large stone.
The policies we need to make decisions on should depend far more on the range of possible outcomes than on the expected final number. I.
Hire the successful trader, conditional on a solid track record, whose details you can understand the least.
The “persecution” of the Christians had vastly more to do with the intolerance of the Christians for the pantheon of local gods than the reverse. What we read is history written by the Christian side, not the Greco-Roman one.
Mother Nature did not attend high school geometry courses or read the books of Euclid of Alexandria. Her geometry is jagged, but with a logic of its own and one that is easy to understand.
And, just as it is harder to have good qualities when one is rich than when one is poor, it is harder to be a Stoic when one is wealthy, powerful, and respected than when one is destitute, miserable, and lonely.
Economics is not a science and should not be there to advise policy.
Our brain is not cut out for nonlinearities. People think that if, say, two variables are causally linked, then a steady input in one variable should always yield a result in the other one. Our emotional apparatus is designed for linear causality. For.
Those who think religion is about “belief” don’t understand religion, and don’t understand belief.
Paris itself was barely controlled by France – no more than the Rio slums called favelas are currently ruled by the Brazilian central state.