Money and Finance
- Nassim Taleb Quote
"So the central tenet of the epistemology I advocate is as follows: we know a lot more what is wrong than what is right, or, phrased according to the fragile/robust classification, negative knowledge (what is wrong, what does not work) is more robust...
- 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 On Silent Evidence
"Silent evidence pervades everything connected to the notion of history." -Nassim Taleb, The Black Swan ...
- Complimentary Quotes From Nassim Taleb And Howard Marks
“The Black Swans we imagine, discuss, and worry about do not resemble those likely to be Black Swans. We worry about the wrong “improbable” events……We like to think about specific and known Black Swans when in fact the very nature of randomness...
- Nassim Taleb Quote
"But promoting philosophical skepticism is not quite the mission of this book. If awareness of the Black Swan problem can lead us into withdrawal and extreme skepticism, I take here the exact opposite direction. I am interested in deeds and true empiricism....I...
Money and Finance
Nassim Taleb quote
“Don’t look for the precise and the local. Simply, do not be narrow-minded. The great discoverer Pasteur, who came up with the notion that chance favors the prepared, understood that you do not look for something particular every morning but work hard to let contingency enter your working life. As Yogi Berra, another great thinker, said, “You got to be very careful if you don’t know where you’re going, because you might not get there.” Likewise, do not try to predict precise Black Swans—it tends to make you more vulnerable to the ones you did not predict.” –Nassim Taleb, The Black Swan
- Nassim Taleb Quote
"So the central tenet of the epistemology I advocate is as follows: we know a lot more what is wrong than what is right, or, phrased according to the fragile/robust classification, negative knowledge (what is wrong, what does not work) is more robust...
- 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 On Silent Evidence
"Silent evidence pervades everything connected to the notion of history." -Nassim Taleb, The Black Swan ...
- Complimentary Quotes From Nassim Taleb And Howard Marks
“The Black Swans we imagine, discuss, and worry about do not resemble those likely to be Black Swans. We worry about the wrong “improbable” events……We like to think about specific and known Black Swans when in fact the very nature of randomness...
- Nassim Taleb Quote
"But promoting philosophical skepticism is not quite the mission of this book. If awareness of the Black Swan problem can lead us into withdrawal and extreme skepticism, I take here the exact opposite direction. I am interested in deeds and true empiricism....I...