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Madness of crowds

Madness of crowds

Madness is rare in individuals, but in groups, parties, nations, it is the rule.

- Nietzsche

173

585 reads

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NASSIM NICHOLAS TALEB

Courage (risk taking) is the highest virtue.

We need entrepreneurs.

NASSIM NICHOLAS TALEB

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Stability of the Minority Rule, a probabilistic argument

You cannot steal "a little bit" or murder "moderately" — just as you cannot keep kosher and eat "just a little bit" of pork on Sunday barbecues.

158

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Feeling of shame

Sometimes I would offer something for sale for, say, $5, but communicated with the client through a salesperson, and the salesperson would come back with an "improvement", of $5.10.

Something never felt right about the extra ten cents.

It was, simply, not a sustainable way of...

170

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Tom Holland

The Romans judged their political system by asking not whether it made sense but whether it worked.

TOM HOLLAND

167

577 reads

Fat Tony’s motto

You do not want to win an argument. You want to win.

Indeed you need to win whatever you are after: money, territory, the heart of a grammar specialist, or a (pink) convertible car. For focusing just on words puts one on a very dangerous slope, since

We are much better at...

173

1.04K reads

I Am Dumb Without Skin in the Game

Many kids would learn to love mathematics if they had some investment in it, and, more crucially, they would build an instinct to spot its misapplications.

162

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margaret mead

Never doubt that a small group of thoughtful citizens can change the world. Indeed, it is the only thing that ever has

MARGARET MEAD

168

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From Hammurabi to Kant

Hammurabi’s best-known injunction is as follows: "If a builder builds a house and the house collapses and causes the death of the owner of the house—the builder shall be put to death."

165

1.64K reads

NASSIM nicholas taleb

How much you truly “believe” in something can be manifested only through what you are willing to risk for it.

NASSIM NICHOLAS TALEB

168

602 reads

Artisans have their soul in the game

  1. artisans do things for existential reasons first, financial and commercial ones later. Their decision making is never fully financial, but it remains financial.
  2. they have some type of “art” in their profession; they stay away from most aspects of industrialization; they combine art a...

173

628 reads

Nassim Nicholas Taleb

There is this illusion that just as businessmen are motivated and rewarded by profits, scientists should be motivated and rewarded by honors and recognition. That’s not how it works. Remember, science is a minority rule: a few will run it, others are just back-office clerks.

NASSIM NICHOLAS TALEB

160

460 reads

Nassim Nicholas Taleb

Anything that smacks of competition destroys knowledge.

NASSIM NICHOLAS TALEB

165

539 reads

Soul in the game

People who are not morally independent tend to fit ethics to their profession (with a minimum of spinning), rather than find a profession that fits their ethics.

171

901 reads

Loss aversion

Men feel the good less intensely than the bad.

(A psychological theory by which a loss is more painful than a gain is pleasant.)

168

547 reads

Periander

Use laws that are old but food that is fresh

PERIANDER

164

557 reads

Crook, Fool, or Both

There is always an element of fools of randomness and crooks of randomness in matters of uncertainty; one has a lack of understanding, the second has warped incentives. One, the fool, takes risks he doesn’t understand, mistaking his own past luck for skills, the other, the crook, transfers risks ...

168

1K reads

In Canada, when we say bilingual, it is English- speaking, and when we say French-speaking it becomes bilingual.

JEAN-LOUIS RHEAULT

157

832 reads

Nassim Nicholas Taleb

Doing things in the real world, in some professions (such as medicine), bears the name clinical, which is not deemed to be scientific. Many disciplines lack this third dimension, the clinical one.

NASSIM NICHOLAS TALEB

158

469 reads

The curse of modernity

The curse of modernity is that we are increasingly populated by a class of people who are better at explaining than understanding,

or better at explaining than doing.

203

2.27K reads

From Kant to Fat Tony

Don't give crap, don't take crap.

More practical approach is:

Start by being nice to every person you meet. But if someone tries to exercise power over you, excercise power over him.

197

1.44K reads

Silver Beats Gold

The Golden Rule wants you to Treat others the way you would like them to treat you.

The more robust Silver Rule says Do not treat others the way you would not like them to treat you.

200

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NASSIM NICHOLAS TALEB

Not everything that happens happens for a reason, but everything that survives survives for a reason.

NASSIM NICHOLAS TALEB

175

597 reads

Heroes Were Not Library Rats

Studying courage in textbooks doesn’t make you any more courageous than eating cow meat makes you bovine.

By some mysterious mental mechanism, people fail to realize that the principal thing you can learn from a professor is how to be a professor—and the chief thing you can learn f...

183

642 reads

CURATED FROM

CURATED BY

asimhusanovic

As an engineer with an official degree in software engineering, I am primarily interested in science and technology. I enjoy reading literature of many genres, and I especially like those from human behavior, sociology, history, and, should I say, science

MORE LIKE THIS

Madness According To Nietzsche

Madness was a subjective and relative term according to the German philosopher.

He wrote about madness being found in prayer, love and a personal response towards life. A madhouse or asylum, according to him, was filled with people who were not really mad, but just like himself, ...

Improving our collective intelligence

  • We should take account of not just the most popular opinion, but also other minority opinions.
  • Stimulating independent thought in individuals may reduce the risk of collective madness. Dividing a group into sub-groups or breaking down a task into small easy steps promotes flexible...

This Is The Very Process Of Evolution

This is true for individuals and for organizations. It’s true for small communities and entire nations. It’s the stuff of not only spiritual teachers but also science. Evolution is literally a process of order > disorder > reorder. Rush through disorder without listening ...

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