The amazing thing was when I was reading that book, I just had this epiphany. And I realized, years of experience and knowledge had gone into this little device in my hand, and I could read that in a few hours and gain the benefits of that experience and knowledge.
It's (The internet) simply like a lot of other technologies, a lot of other major technological revolutions that have taken place in the history of the world, for example, agriculture. Agriculture was obviously a tremendous invention. It made life better. It not only got people fed, it freed them up to do many more things, to create art and invent ... See more
What we need is imagination. But imagination is a terrible straitjacket. We have to find a new view of the world that has to agree with everything that's known, but disagree in its predictions, some way. Otherwise it's not interesting. And in that disagreement, agree with nature.
What are symbols? They are basically just codes. Symbols offer a principled mechanism for extrapolation: lawful, algebraic procedures that can be applied universally, independently of any similarity to known examples. They are (at least for now) still the best way to handcraft knowledge, and to deal robustly with abstractions in novel situations. A... See more
Once a profession in which business was subservient, the field of money management and Wall Street has become a business in which the profession is subservient.
The single story creates stereotypes, and the problem with stereotypes is not that they are untrue, but that they are incomplete. They make one story become the only story.