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A batch of the best highlights from what Louis's read, .
The idea of the Lindy effect is itself Lindy-proof. The pre-Socratic thinker Periander of Corinth wrote, more than twenty-five hundred years ago: Use laws that are old but food that is fresh. Likewise, Alfonso X of Spain, nicknamed El Sabio, “the wise,” had as a maxim: Burn old logs. Drink old wine. Read old books. Keep old friends.
Skin_In_The_Game
louis.beaumont@gmail.com
We close this chapter with a few summarizing lines. One may be risk loving yet completely averse to ruin. The central asymmetry of life is: In a strategy that entails ruin, benefits never offset risks of ruin. Further: Ruin and other changes in condition are different animals. Every single risk you take adds up to reduce your life expectancy. Finally: Rationality is avoidance of systemic ruin.
Skin_In_The_Game
louis.beaumont@gmail.com
We distinguish ourselves, the agents, from the action, and everywhere we make use of this scheme—we try to discover an agent behind every phenomenon.
The Will to Power
Friedrich Wilhelm Nietzsche
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