Money and Finance
- Statistics And Investing...
From Nassim Taleb in Fooled By Randomness: If the science of statistics can benefit me in anything, I will use it. If it poses a threat, then I will not. I want to take the best of what the past can give me without its dangers. Accordingly, I will...
- Howard Marks Quote
From The Most Important Thing: The investment world is not an orderly and logical place where the future can be predicted and specific actions always produce specific results. The truth is, much in investing is ruled by luck. Some may prefer to call it...
- Nassim Taleb Quote
“If you “have optionality,” you don’t have much need for what is commonly called intelligence, knowledge, insight, skills, and these complicated things that take place in our brain cells. For you don’t have to be right that often. All you need...
- Nassim Taleb Book Review
Nassim Taleb reviews the book Information: The New Language of Science on Amazon: “If you want an introduction to information theory, and, in a way, probability theory from the real front door, this is it. A clearly written book, very [intuitive], explains...
- The Fourth Quadrant: A Map Of The Limits Of Statistics - By Nassim Nicholas Taleb
Statistical and applied probabilistic knowledge is the core of knowledge; statistics is what tells you if something is true, false, or merely anecdotal; it is the "logic of science"; it is the instrument of risk-taking; it is the applied tools of epistemology;...
Money and Finance
Nassim Taleb on probabilistic thinking
“Probability is not a mere computation of odds on the dice or more complicated variants; it is the acceptance of the lack of certainty in our knowledge and the development of methods for dealing with our ignorance. Outside of textbooks and casinos, probability almost never presents itself as a mathematical problem or a brain teaser. Mother nature does not tell you how many holes there are on the roulette table, nor does she deliver problems in a textbook way (in the real world one has to guess the problem more than the solution). In this book, considering that alternative outcomes could have taken place, that the world could have been different, is the core of probabilistic thinking.” –Nassim Taleb, Fooled by Randomness
- Statistics And Investing...
From Nassim Taleb in Fooled By Randomness: If the science of statistics can benefit me in anything, I will use it. If it poses a threat, then I will not. I want to take the best of what the past can give me without its dangers. Accordingly, I will...
- Howard Marks Quote
From The Most Important Thing: The investment world is not an orderly and logical place where the future can be predicted and specific actions always produce specific results. The truth is, much in investing is ruled by luck. Some may prefer to call it...
- Nassim Taleb Quote
“If you “have optionality,” you don’t have much need for what is commonly called intelligence, knowledge, insight, skills, and these complicated things that take place in our brain cells. For you don’t have to be right that often. All you need...
- Nassim Taleb Book Review
Nassim Taleb reviews the book Information: The New Language of Science on Amazon: “If you want an introduction to information theory, and, in a way, probability theory from the real front door, this is it. A clearly written book, very [intuitive], explains...
- The Fourth Quadrant: A Map Of The Limits Of Statistics - By Nassim Nicholas Taleb
Statistical and applied probabilistic knowledge is the core of knowledge; statistics is what tells you if something is true, false, or merely anecdotal; it is the "logic of science"; it is the instrument of risk-taking; it is the applied tools of epistemology;...