The speculator is the speculative type of person. And the distinguishing characteristic of this type, according to Pareto, is that he is constantly preoccupied with the possibilities of new combinations.
“PayPal cofounder and Facebook board member Peter Thiel—really the only significant Silicon Valley voice to support Trump—was warned by another billionaire and longtime Trump friend that Trump would, in an explosion of flattery, offer Thiel his undying friendship. Everybody says you’re great, you and I are going to have an amazing working relationship, anything you want, call me and we’ll get it done! Thiel was advised not to take Trump’s offer too seriously. But Thiel, who gave a speech supporting Trump at the Republican Convention in Cleveland, reported back that, even having been forewarned, he absolutely was certain of Trump’s sincerity when he said they’d be friends for life—only never to basically hear from him again or have his calls returned.”
― Fire and Fury: Inside the Trump White House
― Fire and Fury: Inside the Trump White House
“Explanations involving conspiracy, greed, and even stupidity are easier to generate and accept than more complex explanations that may be closer to the truth.
A bit of wisdom called Hanlon's Razor advises us 'Never attribute to malice that which can be adequately explained by stupidity.' I would add a clumsier but more accurate corollary to this: 'Never attribute to malice or stupidity that which can be explained by moderately rational individuals following incentives in a complex system of interactions.' People behaving with no central coordination and acting in their own best interest can still create results that appear to some to be clear proof of conspiracy or a plague of ignorance.”
― The Failure of Risk Management: Why It's Broken and How to Fix It
A bit of wisdom called Hanlon's Razor advises us 'Never attribute to malice that which can be adequately explained by stupidity.' I would add a clumsier but more accurate corollary to this: 'Never attribute to malice or stupidity that which can be explained by moderately rational individuals following incentives in a complex system of interactions.' People behaving with no central coordination and acting in their own best interest can still create results that appear to some to be clear proof of conspiracy or a plague of ignorance.”
― The Failure of Risk Management: Why It's Broken and How to Fix It
“If I were to invent a sin to describe what that was—for how I lived—I would not say it was simply that I didn’t stop to smell the roses. It was the sin of arrogance, of becoming impervious to life itself. I failed to love what was present and decided to love what was possible instead.”
― Everything Happens for a Reason: And Other Lies I've Loved
― Everything Happens for a Reason: And Other Lies I've Loved
“Of all the ways of acquiring books, writing them oneself is regarded as the most praiseworthy method.
— Walter Benjamin, "Unpacking My Library”
― The Art of the Personal Essay: An Anthology from the Classical Era to the Present
— Walter Benjamin, "Unpacking My Library”
― The Art of the Personal Essay: An Anthology from the Classical Era to the Present
“Our ability to grow is directly proportional to an ability to entertain the uncomfortable.”
― The Creative Habit: Learn It and Use It for Life
― The Creative Habit: Learn It and Use It for Life
Luis’s 2025 Year in Books
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