Majicman Notes

One of the things we’re looking at is whether consumers usually make the best decision, but it’s never been empirically tested using a large consumer dataset such as this one,” said co-author Dr Ferninand Rauch… Read more

Black Swans being unpredictable, we need to adjust to their existence (rather than naïvely try to predict them). There are so many things we can do if we focus on antiknowledge, or what we do… Read more

Fate is arbitrary and beyond our control. No one ever gets everything she wants. These are hardly revelations, and one would have to live under an incredible umbrella of luck and privilege to stay away… Read more

Education has made all the difference for me. Mathematics taught me to reason logically and to understand numbers, tables, charts, and calculations as second nature. Physics, chemistry, astronomy, and biology revealed wonders of the world,… Read more

The Battle of Stalingrad was the largest battle in history. With it came equally superlative stories of how people dealt with risk. One came in late 1942, when a German tank unit sat in reserve… Read more

My favorite business picture is there’s just this picture of the bottom of Manhattan during Hurricane Sandy at night, and all the buildings, I think everything below the park lost power, but there’s this one… Read more

In general, survival is the only road to riches. Let me say that again: Survival is the only road to riches. You should try to maximize return only if losses would not threaten your survival… Read more

Life is a tragedy for those who feel, and a comedy for those who think. Jean De La Bruyére https://www.britannica.com/biography/Jean-de-La-Bruyere Read more

And now here is my secret, a very simple secret: It is only with the heart that one can see rightly; what is essential is invisible to the eye.  The Little Prince Antoine de Saint-Exupéry Read more

The root word in liberal is liber, the Latin adjective denoting a free person, as opposed to a slave. Liberalism is not a precise philosophy, it is an attitude. All liberals share a belief in… Read more