

“Recall that someone with only casual knowledge about the problems of randomness would believe that an animal is at the maximum fitness for the conditions of its time. This is not what evolution means; on average, animals will be fit, but not every single one of them, and not at all times. Just as an animal could have survived because its sample path was lucky, the “best” operators in a given business can come from a subset of operators who survived because of overfitness to a sample path—a sample path that was free of the evolutionary rare event. One vicious attribute is that the longer these animals can go without encountering the rare event, the more vulnerable they will be to it. We said that should one extend time to infinity, then, by ergodicity, that event will happen with certainty—the species will be wiped out! For evolution means fitness to one and only one time series, not the average of all the possible environments.”
― 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 root of virtue is a mind free from the three poisons of aversion, attachment, and ignorance. The root of merit is the practice of the six perfections (in Sanskrit they are known as the paramitas). They constitute engaged bodhichitta. The first five—generosity, discipline, patience, diligence, and meditation—are the source of merit. When they are embraced by the sixth—transcendent wisdom (prajnaparamita)—they become true paramitas, or perfections. A virtuous mind that practices the paramitas is suffused with supreme joy; and this is the mind of a bodhisattva.”
― In the Footsteps of Bodhisattvas: Buddhist Teachings on the Essence of Meditation
― In the Footsteps of Bodhisattvas: Buddhist Teachings on the Essence of Meditation

“Our clothes affect the way we think, feel and act. Consequently, they greatly determine how people respond to you.”
― My Style, My Way: Top Experts Reveal How to Create Yours Today
― My Style, My Way: Top Experts Reveal How to Create Yours Today

“The French thinker and poet Paul Valery was surprised to listen to a commentary of his poems that found meanings that had until then escaped him (of course, it was pointed out to him that these were intended by his subconscious).”
― 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

“While we are expecting everybody to tell downright the truth, many are muddying the water, drowning questions in a river of words and trying to make us forget what actually the real issue is about. If paltering and deflecting matters might become a new way of telling the truth, interaction might be doomed to culminate in a cluster shell of suspicion and mutual trust to become frantically undermined. ( “Blame storming” )”
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Anirudh’s 2024 Year in Books
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