July 2010
20 posts
Creativity is just connecting things. When you ask creative people how they did something, they feel a little guilty because they didn’t really do it, they just saw something. It seemed obvious to them after a while. That’s because they were able to connect experiences they’ve had and synthesize new things. And the reason they were able to do that was that they’ve had more experiences or they have...
… beyond their substantial talent, these people get along with people, which is a remarkably effective tool …
Having stuff blows. Liquidity is the new luxury!
June 2010
17 posts
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… the idea is not to correct mistakes and eliminate randomness from social and economic life through monetary policy, subsidies, and so on. The idea is simply to let human mistakes and miscalculations remain confined, and to prevent their spreading through the system, as Mother Nature does. Reducing volatility and ordinary randomness increases exposure to Black Swans—it creates an artificial...
Globalization might give the appearance of efficiency, but the operating leverage and the degrees of interaction between parts will cause small cracks in one spot to percolate through the entire system.
On Robustness and Fragility
Have You Ever Tried to Sell a Diamond?
Love is shown in quality, not in wanton misuse.
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89.4 per cent of the companies with over 100 years of history are businesses employing fewer than 300 people
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N.N.Taleb on Open Source with Christopher Lydon
May 2010
21 posts
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california is a place
The fundamental national measure … tells us a good deal about the economy but almost nothing about the specific things in our lives that really matter.