“Poverty ... is a most necessary and indispensable ingredient in society, without which nations and communities could not exist in a state of civilisation. It is the lot of man – it is the source of wealth, since without poverty there would be no labour, and without labour there could be no riches, no refinement, no comfort, and no benefit to those who may be possessed of wealth.”
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“Temperance is to me the most important virtue because it is the one most tested by modern culture. Capitalism is fueled by our lack of self-control, our obsession with status and consumption. And not just in the obvious sense of super-sized fries and luxury handbags. Western society encourages indulgence not only in spending but also in emotional outbursts, in victimizing, and victimhood. Temperance is the resistance—or at least the management—of all our indulgences.”
― The Algebra of Wealth: A Simple Formula for Financial Security
― The Algebra of Wealth: A Simple Formula for Financial Security
“we’re not satisfied with forcing Russia to destroy its nuclear weapons and recant its ideology. Now we’re really going to get even: we’re sending experts to show them how to run their economy. Am I missing something? A country with a five-trillion-dollar debt is giving advice on handling money?”
― Brain Droppings
― Brain Droppings
“Depression is often framed as a sufferer having a cognitively distorted sense of “learned helplessness,” where the reality of some loss in the past becomes mistakenly perceived as an inevitable future. In this study, though, it was not that depressed individuals were cognitively distorted, underestimating their actual control. Instead they were accurate compared with everyone else’s overestimates. Findings like these support the view that in some circumstances, depressed individuals are not distortive but are “sadder but wiser.” As such, depression is the pathological loss of the capacity to rationalize away reality. And thus, perhaps, “we’re better off believing in it anyway.” Truth doesn’t always set you free; truth, mental health, and well-being have a complex relationship, something explored in an extensive literature on the psychology of stress.”
― Determined: A Science of Life without Free Will
― Determined: A Science of Life without Free Will
“The more decisions means you get more feedback and get better”
― The Algebra of Wealth: A Simple Formula for Financial Security
― The Algebra of Wealth: A Simple Formula for Financial Security
Eduardo’s 2025 Year in Books
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