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The principle of intervention, like that of healers, is first do no harm (primum non nocere); even more, we will argue, those who don’t take risks should never be involved in making decisions.
Skin in the Game
Nassim Nicholas Taleb
The Locksmith Paradox
As the locksmith improves at his craft, customers become upset by the lower time input required to deliver a fixed output.
Same results, but the perception of value changed.
This focus on time > results derails progress in governments and corporations.
These Paradoxes Will Cha...
@SahilBloom on Twitter
Peter Principle: People in a hierarchy such as a business or government will be promoted until they suck at their jobs, at which point they will remain where they are. As a result, the world is filled with people who suck at their jobs.
MEGATHREAD TIME: In 40 T...
@G_S_Bhogal on Twitter
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