There is a famous Iraqi idiom which states that if you think your opponents can eat you for dinner, then you'd better eat them for lunch. If your opponent is too big and powerful to eat you right-now, you'd better eat them for lunch before they eat you. Commitment problems from our opponents lead us to act, and that's another reason why rational man can go to war.
— Christopher BlattmanAn uneducated unconscious is a perilous entity. The intuition of a seasoned doctor with 30 years spent diagnosing ailments is immensely beneficial. Conversely, the intuition of a teenager is not only unfruitful, but potentially hazardous.
The point of maximum pessimism is the ultimate time to buy a stock because at this point, all the sellers are gone… and only buyers remain. How do you determine this point? Even Uncle John said it's impossible…. You never know until it has passed!
Either I'm in charge of where my awareness goes, therefore dictating what I'm experiencing and feeling, or I allow my environment to dictate where it goes. Most people become a slave to everyone and everything around them.
Tonight, anyone who truly understands what justice is and what it requires of a society is ashamed to call himself an American.
These markets will become a crucible for innovation and dynamic change. This will give more growth to derivative markets as we move forward.
The rise of populism, backlash against globalisation, and movement against open borders means that populations support the weaponisation of economies even though it doesn't work to their own advantage.
My resilience, I believe, is inherited from my parents. They, ordinary in every sense, achieved the extraordinary for us, their children, striving to offer opportunities they never had. They embodied perseverance, teaching me to distinguish a bad day from a bad life, to persist, and to adapt. My parents' immense influence, coupled with my stubbornness, shaped my journey.
I think you're going to see impact models that challenge many of our incumbent industries. The most vulnerable in our society are currently overcharged because the system assumes, they are higher-risk, and so those in our society who are least able to afford charges, are being charged huge overdraft and borrowing rates.
They have maternal instincts and look after each other as we do… it's not an intellectual thing when a mother protects her child; it's an instinctive behaviour. We value all those things in the human being because we are human beings! But that's pretty short sighted and narrow minded.
Deep fakes in terms of a true deep fake, you do not even know if this is Barack Obama speaking or if this is a synthetic Barack Obama. There are ways to detect that today, and we think that we can discern otherwise. That's quickly going to fall, but already the minute changes that can manipulate perception are terrifying.
We don't accept basis risk we don't accept counterparty risk- we don't want any fuzziness around what our payout is going to be conditional on the realising of this systematic left tail 'black swan' event.
Walls are seductive though… what politician hasn't said, 'I can make it like the old-days again…' Bridges sound harder – how do you build them? What will they cost? Who will pay? In truth, build walls almost always yields a negative result.