Max Riegel

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trying to understand anything—economies, markets, the weather, whatever—one can approach the subject with two perspectives: 1. Top down: By trying to find the one code/law that drives them all. For example, in the case of markets, one could study universal laws like supply and demand that affect all economies and markets. In the case of species, one could focus on learning how the genetic code (DNA) works for all species. 2. Bottom up: By studying each specific case and the codes/laws that are true for them, for example, the codes or laws particular to the market for wheat or the DNA sequences ...more
Principles: Life and Work
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