"You can't learn anything by transferring risks.

"You can't learn anything by transferring risks.

One of the biggest problems in modern society is that the number of people who explain well is increasing at a faster rate, not the number of people who understand well. Not only that, but the number of people who explain is increasing at a faster rate than the number of people who act.

Remember that evolution takes place when a species is faced with a situation where it could go extinct. Evolution does not take place until we are exposed to real danger in the world we live in.

You can judge what is bad more clearly than what is good.

Trust is both a matter of knowledge and ethics. Some do not know well, and as a result, they deceive others intentionally in order to take advantage. The former misleads past luck with their skills and spreads the way they believe they are right to others, while the latter secretly passes on their risks to others.

Knowing the result does not always mean you can get an answer or reproduce the cause.

He who speaks must act. Only he who acts must speak. – Sexus empyricus

Study your own theory and develop a mathematical approach. But don't listen to teach people in the real world how to use the theory and approach. They will choose the tools they need for themselves. – Ariel Rubinstein

People who are directly involved in actual risks seek simple solutions. On the other hand, people who are not involved in actual risks do not properly understand why a simple solution should be pursued.

The solutions created by those who are not responsible become increasingly complex. They will continue to do so until their system collapses.

Don't have an assistant to do your job. Having an assistant will instinctively find interest in your spare time, and then your whole life will be focused on interest.

In complex systems, the grandmother's long-standing wisdom more often leads to the right judgment.

What matters in the market is the market structure, not the market participants. The market structure is much more important. If the market structure is correct, the market works properly even if a lot of fools participate.

Abnormal behavior at the individual level may be a necessary factor for efficient action at the group level, even if it is an action that can be called 'irrational'.

Freedom carries risks. You have to take responsibility for the choice of freedom. Freedom is never something you can get freely.

- Nasim Tallev <Skin in the Game>"

I was organizing my bookshelf and I made sure I didn't organize the contents in this book...