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Kindle Notes & Highlights
by
Ozan Varol
Read between
June 22 - August 3, 2021
At its core, a rocket launch is the controlled explosion of a small nuclear bomb
Wall Street now employs so-called financial rocket scientists to turn investing from an art into a science.
slapdash
rote
hurtling
speck
harness
glossed over
If you stick to the familiar, you won’t find the unexpected.
tizzy:
lofty
Our ability to make the most out of uncertainty is what creates the most potential value.
Where certainty ends, progress begins.
Anosognosic
“The great obstacle to discovering,” historian Daniel J. Boorstin writes, “was not ignorance but the illusion of knowledge.”
glinted
discord
strife.
ensued
plutoed
mnemonic
Mean Very Evil Men Just Shortened Up Nature.59
The origin of the word planet makes this clear. Planet is derived from a Greek word that means “wanderer.”
contraption?
quips.
“In order to stay calm in a high-stress, high-stakes situation, all you really need is knowledge.… Being forced to confront the prospect of failure head-on—to study it, dissect it, tease apart all its components and consequences—really works.”67
infants as young as six months old had some expectations of certainty as to the identity and location of the person. When these variables changed unexpectedly, so did the infants’ enjoyment.
pejorative
For redundancies to work, they must function independently.
Although redundancy is a good insurance policy, it obeys the law of diminishing returns. After a certain point, piling up additional redundancies unnecessarily increases complexity, weight, and cost.
Excessive redundancy can also backfire and compromise reliability, instead of improving it. Redundancies add additional points of failure.
versatile
absolute certainty is a mirage. In life, we’re required to base our opinions on imperfect information and make a call with sketchy data.
Unwittingly, knowledge can make us a slave to convention. And conventional thoughts lead to conventional results.
The default carries immense power, even in advanced industries like rocket science. This idea is called path dependence: What we’ve done before shapes what we do next.
The QWERTY layout (named after the first six letters on the keyboard) was created specifically to slow down typing speed to prevent mechanical key blockage.
the past drowns out the future. Steady as she goes—until you hit an iceberg.
The deeper the snow tracks, the harder it is to escape them. An established method of doing things can conceal the exit gate.
Process, by definition, is backward looking. It was developed in response to yesterday’s troubles. If we treat it like a sacred pact—if we don’t question it—process can impede forward movement. Over time, our organizational arteries get clogged with outdated procedures.
fickle,
dabble
As Warren Buffett put it, “The five most dangerous words in business are ‘Everybody else is doing it.’”
dilettante
“Talent hits a target no one else can hit,” philosopher Arthur Schopenhauer said, but “genius hits a target no one else can see.”
switch from being a cover band that plays someone else’s songs to an artist that does the painstaking work of creating something new.
pintle
Skinner box,
argue for your limitations, and you get to keep them. “Your assumptions are your windows on the world,”