Indeed, the more you know, the larger the rows of unread books.
When you don’t have debt you don’t care about your reputation in economics circles – and somehow it is only when you don’t care about your reputation that you tend to have a good one. Just.
And entrepreneurship is a risky and heroic activity, necessary for growth or even the mere survival of the economy.
Basically this category would include those who think that the cure for obesity is to inform people that they should be healthy.
Needless to say that the ideas of this book fall squarely into the Tragic category: We are faulty and there is no need to bother trying to correct our flaws. We are so defective and so mismatched to our environment that we can just work around these flaws.
During a radio interview, when I tried explaining to the journalist the nuance and the difference between the two statements I was told that I was “too complicated”; so I simply walked out of the studio, leaving them in the lurch. The depressing part is that those people who were committing such mistakes were educated journalists entrusted to represent the world to us lay persons.
How can we logically go from specific instances to reach general conclusions? How do we know what we know? How do we know that what we have observed from given objects and events suffices to enable us to figure out their other properties? There.
I mentioned earlier that to understand successes and analyze what caused them, we need to study the traits present in failures.
Locke’s definition of a madman: someone “reasoning correctly from erroneous premises.
What he likes most about proprietary trading is that it requires considerably less time than other high-paying professions; in other words it is perfectly compatible with his non-middle-class work ethic. Trading forces someone to think hard; those who merely work hard generally lose their focus and intellectual energy. In addition, they end up drowning in randomness; work ethics, Nero believes, draw people to focus on noise rather than the signal.
Our sophistication continuously puts us ahead of ourselves, creating things we are less and less capable of understanding.
My biggest problem with the educational system lies precisely in that it forces students to squeeze explanations out of subject matters and shames them for withholding judgment, for uttering the “I don’t know.” Why.
Conduct yourself toward your parents as you would have your children conduct themselves toward you.
A man is honorable in proportion to the personal risks he takes for his opinion – in other words, the amount of downside he is exposed to. To sum him up, Nero believed in erudition, aesthetics, and risk taking – little else.
Life would be unbearably bland if we had no enemies on whom to waste efforts and energy.
Makridakis and Hibon reached the sad conclusion that “statistically sophisticated or complex methods do not necessarily provide more accurate forecasts than simpler ones.
Verba volent, words fly. Never have people who talk and don’t do been more visible, and played a larger role, than in modern times. This is the product of modernism and division of tasks. Recall that I said that America’s.
A system with skin-in-the-game requirements holds together through the notion of a sacrifice in order to protect the collective or entities higher in the hierarchy that are required to survive.
These were the days before I decided to climb up the mountain, speak slowly and in a priestly tone, and try shaming people rather than insulting them.
Genuine philosophical problems are always rooted outside philosophy and.