Gaurav

“This trust is the sole backing for most of the money in the world.”
― Yuval Noah Harari, Sapiens: A Brief History of Humankind

“people agreed to represent imaginary goods – goods that do not exist in the present – with a special kind of money they called ‘credit’. Credit enables us to build the present at the expense of the future. It’s founded on the assumption that our future resources are sure to be far more abundant than our present resources. A host of new and wonderful opportunities open up if we can build things in the present using future income.”
― Yuval Noah Harari, Sapiens: A Brief History of Humankind

“When a venture capitalist looks for “the next big thing,” the risk of missing the next Google or Facebook is far more important than the risk of making a modest investment in a start-up that ultimately fails.”
― Daniel Kahneman, Thinking, Fast and Slow

“The more extreme the original score, the more regression we expect, because an extremely good score suggests a very lucky day. The regressive prediction is reasonable, but its accuracy is not guaranteed.”
― Daniel Kahneman, Thinking, Fast and Slow