“Probability is not a mere computation of odds on the dice or more complicated variants; it is the acceptance of the lack of certainty in our knowledge and the development of methods for dealing with our ignorance.”
― Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
― Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
“The curious mind embraces science; the gifted and sensitive, the arts; the practical, business; the leftover becomes an economist”
― The Bed of Procrustes: Philosophical and Practical Aphorisms
― The Bed of Procrustes: Philosophical and Practical Aphorisms
“People focus on role models; it is more effective to find antimodels - people you don't want to resemble when you grow up”
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“It has been more profitable for us to bind together in the wrong direction than to be alone in the right one. Those who have followed the assertive idiot rather than the introspective wise person have passed us some of their genes. This is apparent from a social pathology: psychopaths rally followers.”
― The Black Swan: The Impact of the Highly Improbable
― The Black Swan: The Impact of the Highly Improbable
Freda’s 2025 Year in Books
Take a look at Freda’s Year in Books, including some fun facts about their reading.
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