Joseph Arcila

“human judgment becomes more important when machine predictions proliferate, such judgment necessarily involves subjective means of performance evaluation. If objective means are available, chances are that a machine could make such judgment without the need for any HR management. Thus, humans are critical to decision making where the goals are subjective. For that reason, the management of such people will likely be more relational.”
― Ajay Agrawal, Prediction Machines: The Simple Economics of Artificial Intelligence

“Don’t listen to what people say; watch what they do.”
― Steven D. Levitt, Think Like a Freak

“A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price. The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The intelligent investor is a realist who sells to optimists and buys from pessimists. The future value of every investment is a function of its present price. The higher the price you pay, the lower your return will be.”
― Benjamin Graham, The Intelligent Investor

“Trying to learn from customer conversations is like excavating a delicate archaeological site. The truth is down there somewhere, but it’s fragile. While each blow with your shovel gets you closer to the truth, you’re liable to smash it into a million little pieces if you use too blunt an instrument.”
― Rob Fitzpatrick, The Mom Test: How to talk to customers & learn if your business is a good idea when everyone is lying to you