Entropy, Compound and Game Theory

20251007 - Introduction Our characteristics will not change. At least to most of people. 20251007 - Hanging by a Thread "And then what?" p14 This is the critical part to tests the limits of our perception. 20251008 - Risk Is What You Don’t See The fact that you can't see it coming is exactly what makes it risky. p18 Black Swans. Only extra buffer can intimigate the problem, and only deep understanding of the world can make us choose the right position. Expectations and forecasts are two different things, and in a world where risk is what you don't see, the former is more valuable than the latter. p21 20251008 - Expectations and Reality "If you only wished to be happy, this could be easily accomplished; but we wish to be happier than other people, and this is always difficult, for we believe others to be happier than they are." p23 Investor Charlie Munger once noted that the world isn't driven by greed; it's driven by envy. p24 20251008 - Wild Minds 2...