Money and Finance
- Nassim Taleb And Barbells...
Here's a link to a post I put up last year that included an excerpt from Nassim Taleb's Antifragile that I think is extremely important--probably even more so in a market environment like we are in today--and worth reviewing every now and then....
- Nassim Taleb Quote
“Trial and error has one overriding value people fail to understand: it is not really random, rather, thanks to optionality, it requires some rationality. One needs to be intelligent in recognizing the favorable outcome and knowing what to discard....
- Nassim Taleb On The Modern Stoic Sage
“Seen this way, Stoicism is about the domestication, not necessarily the elimination, of emotions. It is not about turning humans into vegetables. My idea of the modern Stoic sage is someone who transforms fear into prudence, pain into information,...
- Nassim Taleb Quote
“In medicine, we are discovering the healing powers of fasting, as the avoidance of the hormonal rushes that come with the ingestion of food. Hormones convey information to the different parts of our system, and too much of them confuses our biology....
- Nassim Taleb Quote
“…the random element in trial and error is not quite random, if it is carried out rationally, using error as a source of information. If every trial provides you with information about what does not work, you start zooming in on a solution—so every...
Money and Finance
Nassim Taleb quote
“Since procrastination is a message from our natural willpower via low motivation, the cure is changing the environment, or one’s profession, by selecting one in which one does not have to fight one’s impulses. Few can grasp the logical consequence that, instead, one should lead a life in which procrastination is good, as a naturalistic-risk-based form of decision making….Using my ecological reasoning, someone who procrastinates is not irrational; it is his environment that is irrational. And the psychologist or economist calling him irrational is the one who is beyond irrational….In fact we humans are very bad at filtering information, particularly short-term information, and procrastination can be a way for us to filter better, to resist the consequences of jumping on information…” –Nassim Taleb, Antifragile
- Nassim Taleb And Barbells...
Here's a link to a post I put up last year that included an excerpt from Nassim Taleb's Antifragile that I think is extremely important--probably even more so in a market environment like we are in today--and worth reviewing every now and then....
- Nassim Taleb Quote
“Trial and error has one overriding value people fail to understand: it is not really random, rather, thanks to optionality, it requires some rationality. One needs to be intelligent in recognizing the favorable outcome and knowing what to discard....
- Nassim Taleb On The Modern Stoic Sage
“Seen this way, Stoicism is about the domestication, not necessarily the elimination, of emotions. It is not about turning humans into vegetables. My idea of the modern Stoic sage is someone who transforms fear into prudence, pain into information,...
- Nassim Taleb Quote
“In medicine, we are discovering the healing powers of fasting, as the avoidance of the hormonal rushes that come with the ingestion of food. Hormones convey information to the different parts of our system, and too much of them confuses our biology....
- Nassim Taleb Quote
“…the random element in trial and error is not quite random, if it is carried out rationally, using error as a source of information. If every trial provides you with information about what does not work, you start zooming in on a solution—so every...