A Big Little Idea Called Ergodicity
Non-Ergodic : When group probabilities don’t apply to singular events. If 100 people play Russian Roulette once, the odds of dying might be, say, 10%. But if one person plays Russian Roulette 100 times, the odds are dying are practically 100%.
Morgan Housel • 100 Little Ideas
I have curated the most important and deep parts of this book into the following quotes:- You don’t know yourself unless you have to make your own choices.- We don’t understand things when we have an edge. Only when we have the perspective of coming from behind.- If we win during bear markets you’ll be fine on bull markets.- Dispersion of outcomes ... See more
Tatiana Figueiredo • Antifragile - Nassim Taleb
Antifragile Planning: Optimizing for Optionality (without Chasing Shiny Objects)
Taylor Pearsontaylorpearson.me