Sweet Potato Blog

20240505 - Foreword by Nassim Nicholas Taleb ix Never underestimate the effect of absence of feedback on the unconscious behavior and choices of people. p xii Screen and computer games give us instant gratification, which create illusion that we are growing. Most of the real progress don't give us instant feedback. Then how can we measure it? Things that are good but don't look good must have some edge. pxiii How can we tell what are good? PART ONE: WHAT COMES FIRST 1 20240508 - Chapter One: AT WAR WITH LUCK 3 You can't just diversify that risk away with groupings of things that supposedly won't experience such loss simultaneously. p9 A rising tide lifts all boats. A falling tide sinks all ships. Don't put all eggs in one basket --- this doesn't work. A safe haven isn't so much a thing or an asset. It is a payoff, one that can take many different forms. p9 How can lay investors do it cost effectively? We need to control what we can control in a way that gets...

20230915 - Prologue: muse of fire Do we have to sacrifice some virtues to make huge success? In "Selfish Gene" and game theory, the one who want to play fairly can only get slightly above average return. Asset, power and fame are like a building. No matter how high the building is, it only takes very short time to collapse. Unless the adventure itself is the main goal, unless we really enjoy the pain and happiness come with the journey, we'd like to lose ourselves in the pursue of our aim. 20230916 - Adventures Gene and home education are both critical. How about environment? Friends when we are little? If we have siblings, then friends are not that important. Errol Musk's emerald processing business are destroyed by artifical emerald from Russia?! How many Black Swans are hiding around us? 20230916 - A mind of his own: Pretoria, the 1970s Elon Musk is an unique genius.  1. In his eyes, most of people are quite dumb, and he didn't know how to hide that feeling whe...