Do not try to predict precise Black Swans - it tends to make you more vulnerable to the ones you did not predict […]
Invest in preparedness, not in prediction. Remember that infinite vigilance is just not possible.
NASSIM NICHOLAS TALEB
12
129 reads
CURATED FROM
IDEAS CURATED BY
A Black Swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was.
“
Similar ideas
Fast track your early retirement
Deposit as much money as possible into your investment accounts every day, even if it is only $5. If you get a bonus, invest it. If you make extra money on a side hustle, invest it.
Try to deposit $5/day and then increase it $1/week. You will probably not miss the extra do...
Inductive logic
Inductive logic is the process of observations, then drawing conclusions from that limited data.
- In An Enquiry Concerning Human Understanding (1748), David Hume argues that inductive logic is unjustified as it can fail. If you only notice w...
Decide what to change
Which three areas did you give the least amount of time to? Consider how you want to invest in those areas this year and write it down.
Is there anything you planned that you did not get to do last year? Jot it down.
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates