If someone is willing to trade positions (professional, social, financial) with you, any criticism on his part is mere expression of envy. (Aphorism 33)
With few exceptions, we don’t ask questions unless we know the anwers. (Aphorism 32)
Saturday, October 29, 2011
Businesses operate on the modus that the best sucker is the satisfied sucker.
Thursday, October 27, 2011
Friends, thanks for the previous remarks. Is Chapter 1 clear enough for you ? (not final, of course so this is not about typos, just if the concepts are clear enough to you). http://www.fooledbyrandomness.com/chapter1.pdf http://www.fooledbyrandomness…
Thursday, October 27, 2011
Life’s principal skill is in distinguishing between inability and unwillingness to understand a given message.
Thursday, October 27, 2011
Hormesis… Expressed it as a combination of options of different strikes. Where K is the strike, K1 I expressed the health function as: +1 C(K1) – 1.6 C(K2) +.6 C(K3)Wall Photos
Tuesday, October 25, 2011
I wonder if this chapter is clear to the general public. http://www.fooledbyrandomness.com/options.pdfhttp://www.fooledbyrandomness.com/options.pdfwww.fooledbyrandomness.com
Friends would love to discuss the following. Hormesis in the lit. seems to lack in rigor as a phen (2nd mistake, aside from missing local convexity). It is defined by a compensatory reaction, which conflicts with evolutionary filtering (antibiotic r…
Nassim Taleb believes in
probabilities, not predictions, but at times it can be hard to
tell the difference. “The real Black Swan event,” he said in
June, “is that people are not rioting against the banks in
London and New York.”
Taleb saw it…
The Engineered and the OrganicWall Photos
Saturday, October 22, 2011
Insecure and weak pursuits try to derive strength from ornaments, decorations, prizes (Pulitzer, Booker, Nobel), awards (“best student paper” in 2014), titles, long resumes, and select memberships in academies. But animals, the public, and history dete…
When someone, without being asked, expounds on why he “took the decision” to leave a certain job, you know he did not himself “take the decision” to leave that job.
What will survive: things that don’t make sense yet have been around for a very very long time.
My approach to writing in previous books has been as follows —but it took me a long time to realize it. Let the reader know on every page where he is located and how the current discussion stands in relation to the entire book —by continuously summ…
Thursday, October 20, 2011
The definition of an academic is someone whose brain is designed to mistake the statement “everything has a reason” for “everything has an *accessible* reason”.
Wednesday, October 19, 2011
Thanks a million friends. Will add arrows. The graphs come from Chapter 4. www.fooledbyrandomness.com/chapter4.pdf
Wednesday, October 19, 2011
Friends, I need some advice. Which picture seems clearer? Graph 1 or Graph 2? Thanks!Wall Photos
Wednesday, October 19, 2011
Link to Source (My notes) The banks have made 2.2 trillion over the last 2 years. Salary plus bonuses. It is a tax on citizens. Bailout scheme, since Reagan.You need something to break the bank cartel. Federal Reserve policy is there to help the banks. Last year they had record bonuses.The ONLY valuable information you [...]
Tuesday, October 18, 2011
Spend six months in bed and you will understand hormesis.Wall Photos
Tuesday, October 18, 2011
We need to split the world in machines (linear) and organisms (complex); machines are harmed by low-level stressors (material fatigue), organisms are harmed by the *absence* of low level stressors (hormesis).
Shared by JohnH
HatTip to Dave Lull.
For Taleb, viewing human decision-making in high-risk environments, the central problem is not the risk but the human evaluating the risk. We masquerade opinion as fact – we hide our frailty as decision-makers …
Use footnotes for very important remarks, endnotes for unnecessary ones (and parentheses to tease and confuse the reader).
Use footnotes for very important remarks, endnotes for unnecessary ones (and parentheses to tease and confuse the reader).
Longtime reader and tipster David Lemus has a new book out.Here’s a quote: “So the statistics presented as the bell curve can at most work in one world. What polemic philosopher Nassim N. Taleb has called Mediocristan and Extremistan, the former domain is where statistics can be apply to physical measurements with miniscule margin of [...]
To progress and flourish, modern society should treat ruined entrepreneurs the same way we have been treating dead soldiers.
@nntaleb