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“Those who were unlucky in life in spite of their skills would eventually rise. The lucky fool might have benefited from some luck in life; over the longer run he would slowly converge to the state of a less-lucky idiot. Each one would revert to his long-term properties.”
― 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
“Economists often talk about the 80/20 Principle, which is the idea that in any situation roughly 80 percent of the “work” will be done by 20 percent of the participants. In most societies, 20 percent of criminals commit 80 percent of crimes. Twenty percent of motorists cause 80 percent of all accidents. Twenty percent of beer drinkers drink 80 percent of all beer. When it comes to epidemics, though, this disproportionality becomes even more extreme: a tiny percentage of people do the majority of the work.”
― The Tipping Point: How Little Things Can Make a Big Difference
― The Tipping Point: How Little Things Can Make a Big Difference
Rotem’s 2025 Year in Books
Take a look at Rotem’s Year in Books, including some fun facts about their reading.
97 books
|
75 friends
329 books
|
45 friends
172 books
|
174 friends
17 books
|
32 friends
2 books
|
14 friends
1 book
|
78 friends
1 book
|
2 friends
1 book
|
64 friends
More friends…
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