Money and Finance
- Scott Adams Quotes
I'm listening to How to Fail at Almost Everything and Still Win Big: Kind of the Story of My Life in my car and am really enjoying it. I found some quotes from the book via Derek Sivers and thought I'd share a few below. There are many...
- Atul Gawande Quote
“A failure often does not have to be a failure at all. However, you have to be ready for it—will you admit when things go wrong? Will you take steps to set them right?—because the difference between triumph and defeat, you’ll find, isn’t about...
- Epiphanies From Nassim Nicholas Taleb
Found via Farnam Street. There are three categories of things: Fragile things that break, like the financial system; robust things that don't break easily but don't improve, like the Brooklyn Bridge; and my new category, "antifragile" things that...
- Atul Gawande’s Williams College Commencement Address
When I was nearing the end of medical school, I decided to go into surgery. I had become enthralled by surgeons, especially by their competence. The source of their success, I believed, was their physical skill—their hand-eye coördination and fine-motor...
- Seth Klarman Interview At The Tef Endowment Management Seminar In July 2008
An excerpt that I found very interesting: …one of the things that’s vastly different from being an analyst to running your own fund — and I can’t emphasize this enough — is that they comprise incredibly different skills. The inability to think...
Money and Finance
The Antifragile Organization: Embracing Failure to Improve Resilience and Maximize Availability
Found via @nntaleb.
Failure is inevitable. Disks fail. Software bugs lie dormant waiting for just the right conditions to bite. People make mistakes. Data centers are built on farms of unreliable commodity hardware. If you’re running in a cloud environment, then many of these factors are outside of your control. To compound the problem, failure is not predictable and doesn’t occur with uniform probability and frequency. The lack of a uniform frequency increases uncertainty and risk in the system. In the face of such inevitable and unpredictable failure, how can you build a reliable service that provides the high level of availability your users can depend on?
- Scott Adams Quotes
I'm listening to How to Fail at Almost Everything and Still Win Big: Kind of the Story of My Life in my car and am really enjoying it. I found some quotes from the book via Derek Sivers and thought I'd share a few below. There are many...
- Atul Gawande Quote
“A failure often does not have to be a failure at all. However, you have to be ready for it—will you admit when things go wrong? Will you take steps to set them right?—because the difference between triumph and defeat, you’ll find, isn’t about...
- Epiphanies From Nassim Nicholas Taleb
Found via Farnam Street. There are three categories of things: Fragile things that break, like the financial system; robust things that don't break easily but don't improve, like the Brooklyn Bridge; and my new category, "antifragile" things that...
- Atul Gawande’s Williams College Commencement Address
When I was nearing the end of medical school, I decided to go into surgery. I had become enthralled by surgeons, especially by their competence. The source of their success, I believed, was their physical skill—their hand-eye coördination and fine-motor...
- Seth Klarman Interview At The Tef Endowment Management Seminar In July 2008
An excerpt that I found very interesting: …one of the things that’s vastly different from being an analyst to running your own fund — and I can’t emphasize this enough — is that they comprise incredibly different skills. The inability to think...