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IYI routinely fails to make a distinction between an institution (say formal university setting and credentialization) and what its true aim is (knowledge, rigor in reasoning) –I’ve even seen a French academic arguing against a mathematician who had great (and useful) contributions because the former “didn’t go to a good school” when he was eighteen or so.
The Intellectual Yet Idiot
Nassim Nicholas Taleb
“Raise Prices” This was Marc’s response to “If you could have a billboard anywhere, what would it say?” He’d put it right in the heart of San Francisco, and here’s the reason: “The number-one theme that companies have when they really struggle is they are not charging enough for their product. It has become conventional wisdom in Silicon Valley that the way to succeed is to price your product as low as possible, under the theory that if it’s low-priced, everybody can buy it, and that’s how you get to volume,” he said. “And we just see over and over and over again people failing with that, because they get into a problem called ‘too hungry to eat.’ They don’t charge enough for their product to be able to afford the sales and marketing required to actually get anybody to buy it. Is your product any good if people won’t pay more for it?”
Tools of Titans
Timothy Ferriss
The agricultural economist Ronald Herring noted that the most common defence for doing the minimum possible to enforce land redistribution – as has been the case throughout south-east Asia – is that one must be realistic about the difficulty of doing more. The counter to this argument, Herring pointed out, is that ‘the political realists seem to assume, rather curiously, that it is politically realistic to leave the status quo in place’.103 In south-east Asia, the agricultural status quo has proven to have very high costs. In the Philippines, the state has repeatedly been confronted by peasant-based revolutionary and terrorist groups. In Indonesia in the 1960s, Suharto suppressed a rural-based communist movement with the loss of hundreds of thousands of lives. In Malaysia, the British fought a ruthless campaign in the countryside to suppress a communist insurgency in the late 1940s and early 1950s. And in Thailand, land policy failure is contributing to a state of near civil war even as this book is being written.
How Asia Works
Joe Studwell
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