The hidden role of chance in life and in the markets
Author: Nassim Nicholas Taleb
No matter how frequently you can succeed in something, if you cannot afford to lose even once, it’s not worthwhile
Most people would rather earn less, as long as the people around them earn even less.
Mathematics is not just a digital game, but a way of thinking. Probability is an analysis of the nature of things.
We only see that wealth is being produced, but we don’t see the source of wealth.
The so-called common sense is just a bunch of misconceptions that people learned before the age of 18. – Einstein
If it sounds reasonable in the media, be cautious.