Top Highlights

• it does not matter how frequently something succeeds if failure is too costly to bear. Yet
• of the “terrorist threats” magnified the effect of these market moves in people’s heads. This is one of the many reasons that journalism may be the greatest plague we face today—as the world becomes more and more complicated…
• I remind myself of Einstein’s remark that common sense is nothing but a collection of misconceptions acquired by age eighteen. Furthermore, What sounds intelligent in a conversation or a…
• When you look at the past, the past will always be deterministic, since only one single observation took place. Our mind will interpret most events not with the preceding ones in mind, but the following ones.
• A mistake is not something to be determined after the fact, but in the light of the information until that point.