Join 📚 Edwin's Highlights
A batch of the best highlights from what Edwin's read, .
I'm all for fixing social problems. I'm all for being generous to the less fortunate.
And I'm all for doing things where, based on a slight preponderance of the evidence, you guess that it's likely to do more good than harm.
What I'm against is being very confident and feeling that vour particular intervention will do more good than harm, given that you're dealing know, for sure, that no.
with highly complex systems wherein everything is interacting with everything else.
Poor Charlie's Almanack by Charles T. Munger
Charles T. Munger
The result of this is that we increasingly have major social institutions whose prestige comes in substantial part from virtue signaling rather than from actually producing useful results. In today’s America, these institutions include, among others, health care, education, and environmental and safety regulation.106 These are, unsurprisingly, the same spheres that are most afflicted by cost disease: The price that people seem to be willing to pay for them appears to be completely unconstrained by any consideration of value provided.
Where Is My Flying Car?
J. Storrs Hall
Not simplePages of detail5. Slides with more than 20 words. A litany of numbers without a narrative explaining what insights they create. No diagrams “painting the picture,” or diagrams with 20 boxes. Too many points for someone to recall from memory. Important concepts that aren’t summarized by a short phrase that people can use as a daily short-hand.
What Makes a Strategy Great
longform.asmartbear.com
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