Vijay>You don't wear a mask jus because you have evidence that transmission is airborne. You wear a mask because YOU DON'T KNOW whether transmission is airborne.
#Asymmetry @.nntaleb
https://t.co/A8VyyVFW2A
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>"Wimbledon reportedly paid $2 million a year for pandemic insurance for the last 17 years
(Total: $34 Million)
For this year's cancellation as a result of the Coronavirus, Wimbledon will reportedly receive $141 million from the policy." @.darrenrovell
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JUST IN: US government debt has passed $24 trillion
/296
>"Returns are made on the way up. Reputations are made on the way down." @.naval
/298
>"All u have is this moment. You can have the moment. Or, the mind" @.itsthe_ASK
/299
>"Success show you to the world, failure show you to yourself." @.jolatankoka
/300
>"The virus divides us, threatening the lives of the old and the urban, while threatening the livelihoods of the young and the rural." @.naval
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>"I’m happiest when my current-self is doing something that my future-self will benefit from." @.mkobach
(How do you do something that your future-self will benefit from?)
>"Love your future-self more than your current-self" @.mkobach
/302
Watching #Contagion..
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>"If you do not take risks for your ideas you are nothing. Nothing." - Nassim Nicholas Taleb #risk
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>"Contra the prevailing belief, "success" isn't being on top of a hierarchy, it is standing outside all hierarchies." - @.nntaleb
/305
>"Envy, like thirst for revenge, is the wicked person's version of our natural sense of injustice." - Nassim Nicholas Taleb
/306
Watching #Shazam.. /307
Groups Search for Consensus, Individuals Search for Truth https://nav.al/consensus
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Groups Search for Consensus, Individuals Search for Truth
What’s considered to be true is fought over. Individuals search for truth but groups search for consensus—and society is the largest group. So the biggest problem we run into is this: What society wants for you is not always what’s good for you. Even smart, critical thinkers go along with many of society’s truths, knowing deep down they are lies. Here’s a simple example: “Money won’t make you happy” More
"Wealth is a positive sum game and status is a zero-sum game." — @.naval /309
>"The word caravan comes from the Persian karwan meaning "group of desert travelers."
A caravan can be a large group of people traveling together in one long line. It's also the term used for a camper that has a living area in it."
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>"We humans are the victims of an asymmetry in the perception of random events. We attribute our successes to our skills, and our failures to external events outside our control, namely to randomness." - Nassim Taleb
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"The Cantillon Effect refers to the change in relative prices resulting from a change in money supply.
The change in relative prices occurs because the change in money supply has a specific injection point and therefore a specific flow path through the economy."
/314
Life is short: How to add a sense of urgency https://youtu.be/XWwNocaIWxg
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Life Is Short: How to Add a Sense of Urgency | Tim Ferriss
Solid state battery breakthrough.. 900 Wh/l. About 80x like cell phone batteries (3000 mAh), in a 10x10x10 cm package.
#samsung
https://youtu.be/TAFk-CebHWA
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Breakthrough Solid State Battery - 900 Wh/L Samsung [2020]
>"Fast, lift, sprint, stretch, and meditate.
Build, sell, write, create, invest, and own.
Read, reflect, love, seek truth, and ignore society.
Make these habits. Say no to everything else.
Avoid debt, jail, addiction, disgrace, shortcuts, and media.
Relax. Victory is assured."
- @.naval
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>"Understanding compounds, memorization doesn't." @.SvenSchnieders
/318
>"Better to have your idea stolen than to never have an idea worth stealing" - @mkobach
/319
68 bits of unsolicited advice
https://kk.org/thetechnium/68-bits-of-unsolicited-advice/
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>"People prefer unhappiness over uncertainty." - @.Kpaxs
/323
>"Everything before the "but" is meant to be ignored by the speaker; and everything after the "but" should be ignored by the listener." - Nassim Taleb
/324
>"It is a sign of weakness to avoid showing signs of weakness." -
@.nntaleb
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"Models show that if 80 percent of people wear masks that are 60 percent effective, easily achievable with cloth, we can get to an effective R0 of less than one. That’s enough to halt the spread of the disease"
https://t.co/AoPqfhlOt3
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>"Only worthwhile thing I got out of graduating from Harvard was never having to be impressed against by the fact that someone graduated from Harvard." - Thomas Sowell
/331
>"Colleges have to convince students for the next year that a remote education is worth every bit as much as an in-person one, and then pivot back before students actually start believing it.
It’s like only being able to sell your competitor’s product for a year." - @.naval
/331
200w MA.. Dow 100pt above & sensex 2000pt below, rn..
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>"All models rely on a small set of critical assumptions.
A good (simple) model uncovers them, while a bad (complicated) model obscures them." - @.naval
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>"When you're in the middle of a crisis, you tend to overestimate how permanent its effects will be." - @.paulg
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"The problem with information is not that it is diverting and generally useless, but that it is toxic."
- Nassim Nicholas Taleb
Fooled by Randomness
/337
Watching #Alaipayuthey..
/338
"While there is inordinate uncertainty about what is going on, there is great certainty about what one should do about it." - Nassim Taleb
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"Just like a low resting heart rate is the byproduct of intense exercise, low anxiety is the byproduct of intense self-examination." @.naval
/342
>"Hyphens and Dashes. A hyphen joins two or more words together while a dash separates words into parenthetical statements.
The two are sometimes confused because they look so similar, but their usage is different.
Hyphens (black-and-white) are not separated by spaces, while a dash (one - five) has a space on either side."
/343
"If it hurts to hear it, look for the truth in it.
If it comforts to hear it, look for the lie in it.' - @.naval
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$$ printing vs. #UniversalBasicIncome.. say, $11M
A (line of credit) - x
B (line of credit) - 10x
$$ printing: A gets $1M, B gets $10M
#UBI: A gets $5.5M, B gets $5.5M
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"The fastest way to become rich is to socialize with the poor; the fastest way to become poor is to socialize with the rich." - Nassim Nicholas Taleb
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#covid19 open side, close side.. open side isn't forcing anyone to come out, but close side forcing everyone to stay inside.. 🤔
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"Economics is not a science and should not be there to advise policy." - Nassim Nicholas Taleb in Antifragile
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"More data means more information, but it also means more false information." - Nassim Nicholas Taleb
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Banker: கடன் வேனுமா?
Villager: லோனா குடுத்தா நல்லாருக்கும்
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"Books make you think; news tells you what to think." - @.SvenSchnieders
/352
"The modern caste system is built around the university diploma." - @.naval
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