It's important to leave people more confused than how you found them.
tag > KM
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Stop, Before You Close This Tab (or Any Others) … Think of your browser like an ongoing autobiography. Why would you ever delete it?
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More than 2 million research papers have disappeared from the Internet - An analysis of DOIs suggests that digital preservation is not keeping up with burgeoning scholarly knowledge.
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The hallmark of an exceptional book in 2024 is when every second paragraph propels you to search the web, only to find no existing search results.
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"To put it succinctly: description without prescription is the germ of resignation, and prescription without description is mere whim." - Reza Negarestani
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When is risk the highest? - Quote from an interview with Peter Bernstein (1919 - 2009)
Vermeer's The Geographer, 1669 "The riskiest moment is when you’re right. That’s when you’re in the most trouble, because you tend to overstay the good decisions. Once you’ve been right for long enough, you don’t even consider reducing your winning positions. They feel so good, you can’t even face that. As incredible as it sounds, that makes you comfortable with not being diversified. So, in many ways, it’s better not to be so right. That’s what diversification is for. It’s an explicit recognition of ignorance."
Q: What investing and personal advice do you offer your great-grandchildren? A: As they are four and two (and about three months in the womb), they are not likely to take much of my advice, nor should I be giving them the kind of advice you have in mind. But I would teach them Pascal’s Law: the consequences of decisions and choices should dominate the probabilities of outcomes. And I would also teach them about Leibniz’s warning that models work, but only for the most part. I would remind them of what the man who trained me in investing taught me: Risk-taking is an inevitable ingredient in investing, and in life, but never take a risk you do not have to take.
In 1703 the mathematician Gottfried von Leibniz told the scientist Jacob Bernoulli that nature does work in patterns, but “only for the most part.” The other part — the unpredictable part — tends to be where things matter the most. That’s where the action often is.
Pascal’s Wager doesn’t mean that you have to be convinced beyond doubt that you are right. But you have to think about the consequences of what you’re doing and establish that you can survive them if you’re wrong. Consequences are more important than probabilities.
Related: WHAT is Risk, by Peter L. Bernstein - Peter. L. Bernstein WIkipedia
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Espionage in Ancient Rome with Colonel Rose Mary Sheldon
"The roman empire had the highest rate of assassination of any monarchy at any time at any place in the world. 75% of roman emperors winded up dead by assassination"
