“wealth does not count so much into one’s well-being as the route one uses to get to it.”
― Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
― Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
“People do not realize that the media is paid to get your attention. For a journalist, silence rarely surpasses any word.”
― Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
― Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
“Mathematics is principally a tool to meditate, rather than to compute.”
― Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
― Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
“one cannot judge a performance in any given field (war, politics, medicine, investments) by the results, but by the costs of the alternative (i.e., if history played out in a different way).”
― Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
― Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
“we are not made to view things as independent from each other. When viewing two events A and B, it is hard not to assume that A causes B, B causes A, or both cause each other. Our bias is immediately to establish a causal link.”
― Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
― Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
Merrow’s 2025 Year in Books
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