Randomness
This worldview is heavily influenced by Nassim Taleb. A lot of our successes are due to luck but we keep attributing them to our skills and abilities. We are all similar to optimistic gamblers making bets in our lives and believing we will win.
(Extracted from Fooled by Randomness by Nassim Taleb) Nero believes that risk-conscious hard work and discipline can lead someone to achieve a comfortable life with a very high probability. Beyond that, it is all...
September 8, 2019|
Life, Randomness
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(Excerpt from The Laws of Investing by Morgan Housel) Benjamin Graham published several editions of his book The Intelligent Investor, with each new edition swapping out old formulas for new ones that worked. This...
September 8, 2019|
Investing, Randomness
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(Extracted from The Success Equation – Michael J. Mauboussin) There’s a quick and easy way to test whether an activity involves skill: ask whether you can lose on purpose. … When your undertaking involves a...
September 8, 2019|
Randomness
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