"In some disciplines, “expert” is the closest thing to a fraud performing no better than a computer using a simple algorithm."
"The Black Swan comes from misunderstanding of the likelihood of suprises because we take what we know a little too seriously."
"When conservative bankers make profits, they get the benefits; when they are hurt, we pay the costs."
"Seeing White Swans does not confirm the nonexistence of Black Swans."
"We may enjoy what we see but there is no point reading too much into success stories because we do not see the full picture."
"A life saved is a statistic; a person hurt is an anecdote. Statistics are invisible; anecdotes are silent."
"The risk of Black Swan is invisible."
"The casino is the only human venture I know where the probabilities are known and almost computable."
"Beaming light on the unseen is costly in both computational and mental effort."
"Train yourself to spot the difference between the sensational and the empirical."
Recommended readings.. - Recommended readings: * Paleo style * The new evolution diet by Art De Vany Primal Blueprint by Mark Sisson *Philosophy *: The Alchemist by Paulo Coe...
5 years ago