Money and Finance
- Nassim Taleb Quote (asymmetry)
“Put yourself in situations where favorable consequences are much larger than unfavorable ones…Indeed, the notion of asymmetric outcomes is the central idea of this book: I will never get to know the unknown since, by definition, it is unknown. However,...
- Michael Burry's 2008 1st Quarter Letter
Thanks to Dang for reminding me about these letters being online, which prompted me to go back and read this one, which is full of great insights. Earlier this month, I took my family on our first extended vacation far away from California, and we ran...
- Nassim Taleb Quote
“We humans are the victims of an asymmetry in the perception of random events. We attribute our successes to our skills, and our failures to external events outside our control, namely to randomness. We feel responsible for the good stuff, but not for...
- Taleb/narrative Fallacy
"...the same condition that makes us simplify pushes us to think that the world is less random than it actually is." -Nassim Taleb, The Black Swan ...
- Newest Addition To The Investing Checklist
“This discussion shows the difficulty in predicting outcomes in an environment of concentrated success.” –Nassim Taleb, The Black Swan - Does business operate in Extremestan or Mediocrastan? o It is Difficult to predict [forecast] outcomes...
Money and Finance
Nassim Taleb quote
“The problem here is the notion of “better,” this focus on skills as leading to success. Random outcomes, or an arbitrary situation, can also explain success, and provide the initial push that leads to a winner-take-all result. A person can get slightly ahead for entirely random reasons; because we like to imitate one another, we will flock to him. The world of contagion is so underestimated!” –Nassim Taleb, The Black Swan
- Nassim Taleb Quote (asymmetry)
“Put yourself in situations where favorable consequences are much larger than unfavorable ones…Indeed, the notion of asymmetric outcomes is the central idea of this book: I will never get to know the unknown since, by definition, it is unknown. However,...
- Michael Burry's 2008 1st Quarter Letter
Thanks to Dang for reminding me about these letters being online, which prompted me to go back and read this one, which is full of great insights. Earlier this month, I took my family on our first extended vacation far away from California, and we ran...
- Nassim Taleb Quote
“We humans are the victims of an asymmetry in the perception of random events. We attribute our successes to our skills, and our failures to external events outside our control, namely to randomness. We feel responsible for the good stuff, but not for...
- Taleb/narrative Fallacy
"...the same condition that makes us simplify pushes us to think that the world is less random than it actually is." -Nassim Taleb, The Black Swan ...
- Newest Addition To The Investing Checklist
“This discussion shows the difficulty in predicting outcomes in an environment of concentrated success.” –Nassim Taleb, The Black Swan - Does business operate in Extremestan or Mediocrastan? o It is Difficult to predict [forecast] outcomes...