one of the most important things to bear in mind today is that economics isn't and exact science. it may not even be much of a science at all,in the sense that in science, controlled experiments can be conducted, past results can be replicated with confidence, and cause-and effect relationships can be depended on to hold.
"One of the things i most want to emphasize is how essential it is that one's investment approach be intuitive and adaptive rather than be fixed and mechanistic."
"The defitnition of successful investing is doing better than market and other investors"
8
37 reads
CURATED FROM
IDEAS CURATED BY
Similar ideasundefined
Serenity comes to the lone stoic by accepting without frustration that which is fixed by Nature or fate. Rather than vainly struggling against the inevitable, the loner conserves energy by focusing only on what can be controlled: one’s judgments and choices.
Complexity calls for a series of safe-to-fail experiments–little bets that we can use to nudge the system in the desired direction. Instead of picking a final destination and trying to close the gaps, try finding places for experimentation and learning.
The experiments should be small, i...
Science Fiction’s constant migration to other worlds is ‘adaptive’ and can be configured to suit the geek crowd, whose interests and tastes are used to provide the kind of fantasy that they would connect with. The bad stuff of the real world is kept out.
The fantasy world can be hand-drawn...
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