Quotes for Today

Some quotes I hope may resonate with you.

Have a new Quotes for Today up on my Substack. As I've mentioned doing this as a way to thank those who have Subscribed. If you are a Subscriber - you should have received an email. Thanks.

Antifragile

"With personal risk, you can easily barbell yourself by removing the chances of ruin in any area. I am personally completely paranoid about certain risks, then really aggressive with others. The rules are: no smoking, no sugar (particularly fructose), no motorcycles, no bicycles in town or more generally outside a traffic free area such as the Sahara desert, no mixing with the Eastern European mafia, and no getting on a plane not flown by a professional pilot (unless there is a co-pilot). Outside of these I can take all manner of professional and personal risks, particularly those in which there is no risk of terminal injury...

So take for now that a barbell strategy with respect to randomness results in achieving antifragility thanks to the mitigation of fragility, the clipping of downside risks of harm - reduced pain from adverse events, while keeping the benefits of potential gains."

You'll have to read the book to understand the barbell strategy. Not bad life advice.

Farnam Street Knowledge

The Code of Hammurabi: The Best Rule to Manage Risk.

The ideas of reciprocity, accountability, and incentives mattered as much 4,000 years ago as they do today. The benefit of "skin in the game" is not a new concept.

Quotes for Today

Some quotes I hope may resonate with you.

"When I was young I thought that money was the most important thing in life, now that I am old I know that it is." - Oscar Wilde

"Try to learn something about everything and everything about something." - Thomas Huxley

"Be like family to your friends, a friend to strangers, and a stranger to your enemies." - Naval Ravikant

"Life is like an Ayn Rand novel, except better written, less predictable, more burlesque, with more complex characters, more developed plots, more entertaining situations... and vastly more altruism, magnanimity, and benevolence." - Nasim Nicholas Taleb