Farnam Street
Mastering the best of what other people have already figured out
One of the most impactful books we’ve ever come across is the wonderful Seeking Wisdom: From Darwin to Munger, written by the Swedish investor Peter Bevelin. In the spirit of multidisciplinary …
Keeping things simple makes a huge difference and yet we are drawn to the sexiness of complexity. Einstein was a master of sifting the essential from the non-essential. And consider this from Charlie …
Regression to the mean is a common statistical phenomenon that can mislead us when we observe the world. Learning to recognize when regression to the mean is at play can help us avoid misinterpreting …
In The Art of War, Sun Tzu said: “The general who wins a battle makes many calculations in his temple before the battle is fought.” Those ‘calculations’ are the tools we have available to …
Peter Bevelin‘s first book, Seeking Wisdom from Darwin to Munger, is one of the best books you’ve probably never heard of. He’s just released another book, A Few Lessons from …
While I’m not sure of the math, I enjoyed this quote from Mobs, Messiahs, and Markets: Surviving the Public Spectacle in Finance and Politics: Ignorance increases the square of the distance from …
“The reliability that matters is not the simple reliability of one component of a system, but the final reliability of the total control system.” — Garrett Hardin *** We learn from …