Baseball is a soap opera that lends itself to probabilistic thinking. [Dick Cramer]
Charlie Ledley—curiously uncertain Charlie Ledley—was odd in his belief that the best way to make money on Wall Street was to seek out whatever it was that Wall Street believed was least likely to hap...
In eight years alone—2010–2018—the DOE’s National Nuclear Security Administration collected enough material to make 160 nuclear bombs. The department trains every international atomic-energy inspector...
The technologist’s tendency to commit all his resources to new technology,
Every day, the markets were driven less directly by human beings and more directly by machines. The machines were overseen by people, of course, but few of them knew how the machines worked. He knew t...
Man is a deterministic device thrown into a probabilistic universe. In this match, surprises are expected.
What do you tell your mother when she asks you where to put her money? I asked. Guns and gold,
First base was a far richer social opportunity. First base made catching feeling like a bad dinner party - what with the ump hanging on your shoulder and all the fans and cameras staring at you. At fi...
The larger the number of people involved, the easier it was for them to delude themselves that what they were doing must be smart.
If you want to weaken some stereotype, eliminate the classification.
Someone once said that education was knowing what to do when you don’t know,
That was the reason the casino bothered to list the wheel’s most recent spins: to help gamblers to delude themselves.
The failure of decision makers to grapple with the inner workings of their own minds, and their desire to indulge their gut feelings, made it quite likely that the fate of entire societies may be seal...
I have a job to do. Make money for my clients. Period. But boy it gets morbid when you start making investments that work out extra great if a tragedy occurs.
I really do believe the final act in play is a crisis in our financial institutions, which are doing such dumb, dumb things,
The nice thing about things that are urgent, he liked to say, is that if you wait long enough they aren’t urgent anymore. I
As they worked through the order types, they created a taxonomy of predatory behavior in the stock market. Broadly speaking, it appeared as if there were three activities that led to a vast amount of...
I’m doing something I always dreamed about doing, and it was about the most depressing moment I’ve ever had in my life,
People with Asperger’s couldn’t control what they were interested in. It was a stroke of luck that his special interest was financial markets and not, say, collecting lawn mower catalogues.
How many people can pick up a book and find an instruction manual for their life?
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