Abhishek

“much of what other people know isn’t worth knowing.”
― Nassim Nicholas Taleb, Antifragile: Things That Gain From Disorder

“Communication happens on the listener's terms”
― Thomas Erikson, Surrounded by Idiots

“Early on in the top, some parts of the credit system suffer, but others remain robust, so it isn’t clear that the economy is weakening. So while the central bank is still raising interest rates and tightening credit, the seeds of the recession are being sown. The fastest rate of tightening typically comes about five months prior to the top of the stock market. The economy is then operating at a high rate, with demand pressing up against the capacity to produce. Unemployment is normally at cyclical lows and inflation rates are rising. The increase in short-term interest rates makes holding cash more attractive, and it raises the interest rate used to discount the future cash flows of assets, weakening riskier asset prices and slowing lending.”
― Ray Dalio, A Template for Understanding Big Debt Crises

“Curiosity is antifragile, like an addiction, and is magnified by attempts to satisfy it—books have a secret mission and ability to multiply, as everyone who has wall-to-wall bookshelves knows well.”
― Nassim Nicholas Taleb, Antifragile: Things that Gain from Disorder