Undercompensation from the absence of a stressor, inverse hormesis, absence of challenge, degrades the best of the best.
These traders lose money frequently, but in small amounts, and make money rarely, but in large amounts. I call them crisis hunters. I am happy to be one of them.
Seneca’s version of that Stoicism is antifragility from fate. No downside from Lady Fortuna, plenty of upside.
Scranton showed that we have been building and using jet engines in a completely trial-and-error experiential manner, without anyone truly understanding the theory. Builders
Reality is far more vicious than Russian roulette. First, it delivers the fatal bullet rather infrequently, like a revolver that would have hundreds, even thousands of chambers instead of six. After a...
People who are bred, selected, and compensated to find complicated solutions do not have an incentive to implement simplified ones.
Only the autodidacts are free.
Only the autodidacts are free. And not just in school matters—those who decommoditize, detouristify their lives.
Never ask anyone for their opinion, forecast, or recommendation. Just ask them what they have—or don’t have—in their portfolio.
Memory is more of a self-serving dynamic revision machine: you remember the last time you remembered the event, and without realizing it, .
Learning is rooted in repetition and convexity, meaning that the reading of a single text twice is more profitable than reading two different things once.
Freedom is always associated with risk taking, whether it leads to it or comes from it.
Engineers can compute but not define, mathematicians can define but not compute, economists can neither define nor compute.
Don’t complain too loud about wrongs done you; you may give ideas to your less imaginative enemies.
Courage is the only virtue you cannot fake.
But have the integrity to deliver your because very sparingly; try to limit it to situations where the because is derived from experiments, not backward-looking history.
Alas, it has been hard for me to fit these ideas about fragility and antifragility within the current U.S. political discourse—that beastly two-fossil system. Most of the time, the Democratic side of...
Steve Jobs, Bill Gates and Mark Zuckerberg didn't finish college. Too much emphasis is placed on formal education - I told my children not to worry about their grades but to enjoy learning.
Life is about execution rather than purpose.
Più la risposta è non lineare, meno rilevante è la media e più importante è la stabilità intorno a questa media.