Matthew Talbert

“Some can be more intelligent than others in a structured environment—in fact school has a selection bias as it favors those quicker in such an environment, and like anything competitive, at the expense of performance outside it. Although I was not yet familiar with gyms, my idea of knowledge was as follows. People who build their strength using these modern expensive gym machines can lift extremely large weights, show great numbers and develop impressive-looking muscles, but fail to lift a stone; they get completely hammered in a street fight by someone trained in more disorderly settings. Their strength is extremely domain-specific and their domain doesn't exist outside of ludic—extremely organized—constructs. In fact their strength, as with over-specialized athletes, is the result of a deformity. I thought it was the same with people who were selected for trying to get high grades in a small number of subjects rather than follow their curiosity: try taking them slightly away from what they studied and watch their decomposition, loss of confidence, and denial. (Just like corporate executives are selected for their ability to put up with the boredom of meetings, many of these people were selected for their ability to concentrate on boring material.) I've debated many economists who claim to specialize in risk and probability: when one takes them slightly outside their narrow focus, but within the discipline of probability, they fall apart, with the disconsolate face of a gym rat in front of a gangster hit man.”
― Nassim Nicholas Taleb, Antifragile: Things That Gain from Disorder

“There is history the way Tolstoy imagined it, as a great, slow-moving weather system in which even tsars and generals are just leaves before the storm. And there is history the way Hollywood imagines it, as a single story line in which the right move by the tsar or the wrong move by the general changes everything. Most of us, deep down, are probably Hollywood people. We like to invent “what if” scenarios--what if x had never happened, what if y had happened instead?--because we like to believe that individual decisions make a difference: that, if not for x, or if only there had been y, history might have plunged forever down a completely different path. Since we are agents, we have an interest in the efficacy of agency.”
― Louis Menand

“I helped put two children through Harvard—my broker’s children. —Michael LeBoeuf”
― Taylor Larimore, The Bogleheads' Guide to Investing