MJSfoto1956 said:Black Swan summary by Mini-me: "The title refers to centuries ago when people would return to western Europe talking about the black swans they had seen, with the bird experts saying "Impossible,' laughing these people off..."
Black Swan summary by me: "The book details Taleb's proof that identified the flawed gaussian mathematical models that economists and Wall Street cheerleaders (a.k.a IYI's) had been basing their investments on, the result of which long-tail risk was hidden to their customers."
Dauntless said:Prior to the 2007-08 financial meltdown, the 'Black Swan' came out, essentially predicting that the financial crisis of 1997-98, with it's biggest symptoms being the collapse of the giant Long Term Financial Management and the ongoing Korean restructuring, was in fact continuing all around. And since nobody believed that the original problem could happen that way, they were not prepared to deal with the ultimate consequences of it. The socalled experts were still laughing at him as. . . .
The title refers to . . . . When such a basic belief is shattered, what else do you question? In fact, how do you begin to prepare yourself for disasters you have no reason to expect to happen?
It's not just about that, it goes on about Mandelbrot developing fractals from the work of people such as Maria Agnesi, etc.
Dauntless said:Meanwhile, what I said:
MJSfoto1956 said:Dauntless said:Meanwhile, what I said:
Fluffy drivel is what you said in your original post.
More to the point, you fit Taleb's definition of IYI to a tee.
M
nicobie said:
Matt Gruber said:church
markz said:Crazy!Matt Gruber said:church
Matt Gruber said:Listened to the whole video. at the end he says:
" A moral compass that is derived from something that is higher than oneself- God"
:lol:
.
How about "A moral compass that protects, long term, yourself, your family, and thereby protects society"
God is just missing 1 letter. not God, but Good - as in good vs. evil. but there is no franchise with good; with God you have a worldwide business :thumb: It is obvious, from their actions that cops know there is no god watching them. BUT if you teach the principles of GOOD vs EVIL - this they could understand that they could be PROUD every day they work and HAPPY too.Dauntless said:Matt Gruber said:Listened to the whole video. at the end he says:
" A moral compass that is derived from something that is higher than oneself- God"
:lol:
.
How about "A moral compass that protects, long term, yourself, your family, and thereby protects society"
Well, hold on, you know that's exactly what the churchies mean, they sum it up as coming from God. That is how you want those cops to feel. It's when they DON'T you won't like them, right?
Matt Gruber said:no, i don't have the test all worked out yet
But here are my 1st Q's
1. in the last 10 years, how many times have you lent your car, scooter, or bike? lawn mower? pc? cell? tools? anything?
2. how many of those were to complete strangers?
3. would you do it again?
If you are happy to lend your stuff you are a collectivist, it is easy!