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In many areas of life, we rely on maps offered by others. We depend on the maps provided by experts, pundits, and teachers. In these cases, the best we can do is to choose our mapmakers wisely, to seek out those who are rigorous,
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“The astute investor Warren Buffett is fond of saying that any player unaware of the fool in the market probably is the fool in the market.”
― Liar's Poker
― Liar's Poker
“In the stock market the more elaborate and abstruse the mathematics the more uncertain and speculative the conclusion we draw therefrom….”
― Liar's Poker
― Liar's Poker
“Men in general judge more by the sense of sight than by the sense of touch, because everyone can see but only a few can test by feeling. Everyone sees what you seem to be, few know what you really are; and those few do not dare take a stand against the general opinion. —Niccolò Machiavelli, The Prince”
― Liar's Poker
― Liar's Poker
“The markets in the long run are no doubt driven by fundamental economic laws—if the United States runs a persistent trade deficit, the dollar will eventually plummet—but in the short run money flows less rationally. Fear and, to a lesser extent, greed are what make money move.”
― Liar's Poker
― Liar's Poker
“Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.”
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Classical (Laissez-Faire) Liberalism
— 811 members
— last activity Aug 24, 2025 10:15AM
Including within it neo-liberalism, libertarianism, objectivism, anarcho-capitalism, minarchism, and American conservatism, this classical or "market" ...more
Simon’s 2025 Year in Books
Take a look at Simon’s Year in Books, including some fun facts about their reading.
90 books
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146 friends
253 books
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63 friends
445 books
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132 friends
359 books
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17 friends
117 books
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10 friends
78 books
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23 friends
95 books
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92 friends
9 books
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275 friends
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