We go to war not because we ignore the costs, but because we know there are costs, but we are willing to pay those costs because we get something from the war which we wouldn't get otherwise.
— Christopher BlattmanBitCoin might not be the final model but it is definitely here to stay. Many have criticized BitCoin because it enables illegal transactions. I think the critique is lame. Did you know that 75% of the value of all U.S. cash is in $100 bills? Cash is the problem.
The way I prefer to think of perception is as a processor of active construction, a controlled hallucination. Everything we perceive is a kind of inference, a burst guess about what's out there.
I can't think of the last time I read a book that was more fascinating, and useful and enjoyable all at the same time
Music is something that affects your senses in a way that nothing else really can- it's like a time-travel portal! You can listen to something and it transports back to that place… that bar… that nightclub… that time with your friends….
I think behavioural economics has now become an accepted part of the thinking on markets- it's generally accepted that people's decision making is heavily influenced by emotional state and various other behavioural biases in comparison to previous models that assumed rational decision making in the markets.
Comedy chips at people in power, particularly those who use tyrannical power. It strips their fake respect, and destroys the fake fear they create; and these are people who rely on being respected, and being feared. Comedy and satire make the emperor look naked.
One thing that really helped us was NOT following the IMF prescription, and hence I think the fact that we insisted on having growth (alongside stability) was something that made for a big change in Brazil.
The climate crisis disproportionately affects the poorest countries and communities, small islands, and indigenous peoples—who contribute least to the problem. This crisis also embodies racial injustice, as those most affected are often people of colour.
I got out of the Navy because I stopped getting adrenaline in gunfights. That's when it gets dangerous. You don't want to get killed because you get bored. A bullet only needs to be right once.
What really matters is how well you know yourself — because every aspect of your leadership is expressed through your personality. I think that single trait — self-awareness — or rather, that skillset, outweighs all the others put together.
The proposed link-up between Microsoft and Yahoo has been approved by European regulators, paving the way for the two companies to combine their search engines and take on Google together.
The fear of loss is real because it is based on perceptions of reality. It cannot be wished away by education. The idea that education can reduce resistance to innovation is often informed by the misguided view that people oppose new technologies because of ignorance. This is not the case.