[…] For me, getting an accurate picture of reality ultimately comes down to two things: being able to synthesize accurately and knowing how to navigate levels.
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Antifragility implies more to gain than to lose, equals more upside than downside, equals (favorable) asymmetry.…Fragility implies more to lose than to gain, equals more downside than upside, equals (unfavorable) asymmetry. – Nassim Nicholas Taleb
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Someone’s asking about my tweet, that you can’t get rich by renting out your time. Is there really any other way to get rich? Yeah, if I had tosummarize how to make money—at least from
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In his autobiography titled Unended Quest, Karl Popper tells a captivating story of his intellectual development and briefly reviews his major ideas. Of course, dealing with epistemology and the ways of scientific discovery, the question of
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[…] It’s not supposed to be easy. Anyone who finds it easy is stupid. – Charlie Munger
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Benjamin Franklin is certainly right. However, learning from experience can be expensive. And quite hard. Kahneman and Tversky in their paper describe the main reasons why it is hard to use experience as an effective source of
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After my second read of Nassim Nicholas Taleb’s book Skin In The Game: Hidden Asymmetries in Daily Life, it’s time for another part of everyday wisdom that can make you smarter. If you missed Part One, you
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Here you won’t find an answer on what exactly is the valuable company that nobody is building. However, you will find an example of how to start thinking about it.
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If I could just avoid all the folly, maybe I could get an advantage without having to be really good at anything…And so this process I have gone through life identifying folly and trying to
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