Money and Finance
- Sam Altman On Econtalk
Link to: Sam Altman on Start-ups, Venture Capital, and the Y Combinator Sam Altman, president of startup accelerating firm Y Combinator, talks to EconTalk host Russ Roberts about Y Combinator's innovative strategy for discovering, funding, and...
- Nassim Taleb Quote
"We are built to be dupes for theories. But theories come and go; experience stays. Explanations change all the time, and have changed all the time in history (because of causal opacity, the invisibility of causes) with people involved in the incremental...
- Nassim Taleb Quote
“Political and economic “tail events” are unpredictable, and their probabilities are not scientifically measurable. No matter how many dollars are spent on research, predicting revolutions is not the same as counting cards; humans will never...
- Nassim Taleb Quote
“Nature prefers to let the game continue at the informational level, the genetic code. So organisms need to die for nature to be antifragile—nature is opportunistic, ruthless, and selfish.” –Nassim Taleb, Antifragile ...
- One Man, One Computer, 10 Million Students: How Khan Academy Is Reinventing Education
The headquarters of what has rapidly become the largest school in the world, at 10 million students strong, is stuffed into a few large communal rooms in a decaying 1960s office building hard by the commuter rail tracks in Mountain View, Calif. Despite...
Money and Finance
Nassim Taleb quote
“The sociologist of science Steve Shapin, who spent time in California observing venture capitalists, reports that investors tend to back entrepreneurs, not ideas. Decisions are largely a matter of opinion strengthened with “who you know” and “who said what,” as, to use the venture capitalist’s lingo, you bet on the jockey, not the horse. Why? Because innovations drift, and one needs flâneur-like abilities to keep capturing the opportunities that arise, not stay locked up in a bureaucratic mold. The significant venture capital decisions, Shapin showed, were made without real business plans. So if there was any “analysis,” it had to be of a backup, confirmatory nature. I myself spent some time with venture capitalists in California, with an eye on investing myself, and sure enough, that was the mold.
Visibly the money should go to the tinkerers, the aggressive tinkerers who you trust will milk the option.”
–Nassim Taleb, Antifragile
- Sam Altman On Econtalk
Link to: Sam Altman on Start-ups, Venture Capital, and the Y Combinator Sam Altman, president of startup accelerating firm Y Combinator, talks to EconTalk host Russ Roberts about Y Combinator's innovative strategy for discovering, funding, and...
- Nassim Taleb Quote
"We are built to be dupes for theories. But theories come and go; experience stays. Explanations change all the time, and have changed all the time in history (because of causal opacity, the invisibility of causes) with people involved in the incremental...
- Nassim Taleb Quote
“Political and economic “tail events” are unpredictable, and their probabilities are not scientifically measurable. No matter how many dollars are spent on research, predicting revolutions is not the same as counting cards; humans will never...
- Nassim Taleb Quote
“Nature prefers to let the game continue at the informational level, the genetic code. So organisms need to die for nature to be antifragile—nature is opportunistic, ruthless, and selfish.” –Nassim Taleb, Antifragile ...
- One Man, One Computer, 10 Million Students: How Khan Academy Is Reinventing Education
The headquarters of what has rapidly become the largest school in the world, at 10 million students strong, is stuffed into a few large communal rooms in a decaying 1960s office building hard by the commuter rail tracks in Mountain View, Calif. Despite...