“Try the following experiment. Go to the airport and ask travelers en route to some remote destination how much they would pay for an insurance policy paying, say, a million tugrits (the currency of Mongolia) if they died during the trip (for any reason).Then ask another collection of travelers how much they would pay for insurance that pays the same in the event of death from a terrorist act (and only a terrorist act). Guess which one would command a higher price? Odds are that people would rather pay for the second policy (although the former includes death from terrorism). The psychologists Daniel Kahneman and Amos Tversky figured this out several decades ago.”
― 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
“Nothing is more deceitful," said Darcy, "than the appearance of humility. It is often only carelessness of opinion, and sometimes an indirect boast.”
― Pride and Prejudice
― Pride and Prejudice
“They’re a rotten crowd’, I shouted across the lawn. ‘You’re worth the whole damn bunch put together.”
― The Great Gatsby
― The Great Gatsby
“It is better to remain silent at the risk of being thought a fool, than to talk and remove all doubt of it.”
― Mrs. Goose, Her Book
― Mrs. Goose, Her Book
“...time was not passing...it was turning in a circle...”
― One Hundred Years of Solitude
― One Hundred Years of Solitude
KangJoonHyuk’s 2025 Year in Books
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