Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets

by Nassim Nicholas Taleb

Mathematics is principally a tool to meditate, rather than to compute.

Numbers can make you get lost and in the process, find something

It is a pure accounting fact that, aside from the commentators, very few people take home a check linked to how often they are right or wrong.

Life lesson

It is not the estimate or the forecast that matters so much as the degree of confidence with the opinion.

Life lesson.

if I were to develop anger for every idiot around me doing something of the sort, I would be long dead.

Self included.

path dependence

I am limited by this as well. Working on considering the change of stance for logical reasons to be healthy.

process and result.

A strong process always yields the result, notwithstanding time.

who live under a self-imposed pressure to be optimal in their enjoyment of things suffer a measure of distress.

Me since 2019