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A batch of the best highlights from what Nathan's read, .
ECONOMICS, as we have now seen again and again, is a science of recognizing secondary consequences. It is also a science of seeing general consequences.
Economics in One Lesson
Henry Hazlitt
Risks are tackled up front, rather than at the end. In modern teams, we tackle these risks prior to deciding to build anything. These risks include value risk (whether customers will buy it), usability risk (whether users can figure out how to use it), feasibility risk (whether our engineers can build what we need with the time, skills, and technology we have), and business viability risk (whether this solution also works for the various aspects of our business—sales, marketing, finance, legal, etc.).
Oliver Wendell Holmes Sr. put it, “if all the medications were dumped in the sea, it would be better for mankind but worse for the fishes.”
Antifragile
Nassim Nicholas Taleb
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