William T

“Imagine how tricky it would be to bake a cake if the recipe called for 45 minutes in the oven, and you had to figure out if those were nominal minutes or inflation-adjusted minutes.”
― Steve Forbes, Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It

“worms age, or even how birds learn songs—and you will end up, in fewer than six genetic steps, connecting with a proto-oncogene or tumor suppressor.”
― Siddhartha Mukherjee, The Emperor of All Maladies: A Biography of Cancer

“experiments have shown that players rely on several heuristics. The gaze heuristic is the simplest one and works if the ball is already high up in the air: Fix your gaze on the ball, start running, and adjust your running speed so that the angle of gaze remains constant.”
― Nassim Nicholas Taleb, Skin in the Game: Hidden Asymmetries in Daily Life

“The fallacy is that what one may need to know in the real world does not necessarily match what one can perceive through intellect: it doesn’t mean that details are not relevant, only that those we tend (IYI-style) to believe are important can distract us from more central attributes of the price mechanism.”
― Nassim Nicholas Taleb, Skin in the Game: Hidden Asymmetries in Daily Life