From The Austrians and the Swan: Birds of a Different Feather by Mark Spitznagel: To the Austrians, the [economic] process is decidedly non-random, but operates (though in a non-deterministic way, of course) under the incentives of entrepreneurial “error-correction” in the economy. In a never ending series of steps, entrepreneurs homeostatically correct natural market “maladjustments” (as […]
The Big Short book reads like a behind the scenes telling of the movie (Steve Carroll was awesome). It still seems too fantastic to be true. Lewis captured a kind of “fantastical” element in his retelling of… a financial story. So that’s pretty impressive. Below are my Kindle notes and highlights, exported with Bookcision.
When I was a kid, my dad told me the parable of the first physician to realize you should maybe mothers would not suffer quite so many horrifying deaths if doctors washed their hands between autopsies and childbirth. Unfortunately this doctor was an asshole, so everyone ignored him. He eventually went crazy from the stress […]
The Merge by Sam Altman The incorrect assumption here is that humans and technology were ever separate to begin with. Tech is an extension of human cognition and intelligence, not some external reality that is independent of humans. The only thing changing is the mode in which we interface with the tech.