87 books
—
157 voters
Patrick Lu 嘉泺
https://www.goodreads.com/patricklu
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favourite-reads (31)
japanese (69)
spirituality (60)
economics-and-finance (52)
university (48)
“Now I have neither happiness nor unhappiness.
Everything passes.
That is the one and only thing that I have thought resembled a truth in the society of human beings where I have dwelled up to now as in a burning hell.
Everything passes.”
― No Longer Human
Everything passes.
That is the one and only thing that I have thought resembled a truth in the society of human beings where I have dwelled up to now as in a burning hell.
Everything passes.”
― No Longer Human
“If a model did anything too obviously bizarre—flooded the Sahara or tripled interest rates—the programmers would revise the equations to bring the output back in line with expectation. In practice, econometric models proved dismally blind to what the future would bring, but many people who should have known better acted as though they believed in the results. Forecasts of economic growth or unemployment were put forward with an implied precision of two or three decimal places. Governments and financial institutions paid for such predictions and acted on them, perhaps out of necessity or for want of anything better. Presumably they knew that such variables as “consumer optimism” were not as nicely measurable as “humidity” and that the perfect differential equations had not yet been written for the movement of politics and fashion. But few realized how fragile was the very process of modeling flows on computers, even when the data was reasonably trustworthy and the laws were purely physical, as in weather forecasting.”
― Chaos: Making a New Science
― Chaos: Making a New Science
“One of the first things which impress the traveller in China is the extremely simple diet of the people.”
― Chinese Characteristics
― Chinese Characteristics
“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some.”
― The Economic Consequences of the Peace
― The Economic Consequences of the Peace
Patrick Lu’s 2025 Year in Books
Take a look at Patrick Lu’s Year in Books, including some fun facts about their reading.
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