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“Physicians don’t do the best for their patients because they: practice defensive medicine (Self-defense), do not understand health statistics (Innumeracy), or pursue profit instead of virtue (Conflicts of interest).”
― Risk Savvy: How To Make Good Decisions
― Risk Savvy: How To Make Good Decisions
“So finding meaning in events is positively correlated with well-being but negatively correlated with foresight. That sets up a depressing possibility: Is misery the price of accuracy?”
― Superforecasting: The Art and Science of Prediction
― Superforecasting: The Art and Science of Prediction
“The most popular of these numbers is called “value at risk.” No judgment or understanding of the assets is necessary; all you have to do is look at the number. Yet the world of money is an uncertain world, not one of known risks.”
― Risk Savvy: How To Make Good Decisions
― Risk Savvy: How To Make Good Decisions
“Benoit Mandelbrot can be considered the Euclid of fractal geometry. He has collected the observations of mathematicians concerned with "monsters," or objects not definable by euclidean geometry. By combining the work of these mathematicians with his own insight, he has created a geometry of nature that thrives on asymmetry and roughness. Mandelbrot has said that "mountains are not cones, and clouds are not spheres.”
― Chaos and Order in the Capital Markets: A New View of Cycles, Prices, and Market Volatility
― Chaos and Order in the Capital Markets: A New View of Cycles, Prices, and Market Volatility
“Fundamental analysis often works, but it often fails. Technical analysis often works, and then it does not work. Economists speak of economic cycles, but none can be found analytically. Traders speak of market cycles; they too cannot be proven. To top it off, the critics of the EMH have been unable to offer an alternative that takes all the discrepancies into account. In few other areas are theory and practical experience in such little agreement.”
― Chaos and Order in the Capital Markets: A New View of Cycles, Prices, and Market Volatility
― Chaos and Order in the Capital Markets: A New View of Cycles, Prices, and Market Volatility
amber gupta’s 2025 Year in Books
Take a look at amber gupta’s Year in Books, including some fun facts about their reading.
47 books
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238 friends
92 books
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30 friends
5 books
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500 friends
0 books
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51 friends
0 books
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31 friends
3 books
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17 friends
0 books
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19 friends
9 books
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52 friends
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