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The tension between the ambiguity of individuals' goals and large scale collective organization
Transcript:
Speaker 2
Here's the pessimistic nightmare. It is really good and healthy for human beings to live in an ambiguous environment with a pluralistic set of goals, many of which are in Kuwait. That is an essential tension with the methods of large scale collective organization. If it's true that for an organization to cohere, it needs to have clear policies so it can act coherently, then we should not expect that kind of ambiguity to survive at scale. And I think what you're describing, so I tend to think about since I'm a philosopher like what makes something constitutively coherent. And what you're describing is a kind of evolutionary process. You know, some organizations are going to be more coherent than others and some people are more interested in coherence. And the people that are more interested in following the strict outcome are going to arise in the organization. And the organizations that have clear outcomes are going to be better at achieving those outcomes. And so our world is going to be full of large organizations staffed with people that have very, very clear specifications of outcomes. And there's something inhumane and bad about that for individuals. But that's what happens when we need to organize in large scale collectives.
Paul Smaldino & C. Thi Nguyen on Problems With Value Metrics & Governance at Scale
COMPLEXITY: Physics of Life
The Self-Reinforcing Stigmatization of Public Spaces (Like Libraries)
Summary:
Public libraries are facing various physical problems due to under-investment.
They are often the last option for people who lack access to basic services. Libraries are used as shelters for the homeless, warm places for those suffering from addiction, and even childcare centers.
This over-reliance on libraries to solve societal issues has stigmatized these public spaces.
The lack of investment in addressing core problems has turned libraries into spaces of last resort.
This sends a message to affluent Americans that if they want a gathering place, they should build their own in the private sector.
Transcript:
Speaker 1
One of the problems we have now is most cities, suburbs, towns in America have public libraries there. There's neighborhood libraries. The building is there. The buildings are generally not updated. They need to have new HVACs. They need new bathrooms. They need new furniture, but a lot of new books. Stomachs still not accessible to people in wheelchairs. There's all kinds of problems with libraries, just physically because we've under-invested in them. Libraries, unfortunately, have become the place of last resort for everyone who falls through the safety net. If you wake up in the morning in the American city and you don't have a home, you're told to go to a library. If you wake up in the morning and you're suffering from an addiction problem, you need a warm place. They'll send you to a library. If you need to use a bathroom, you'll go to a library. If you don't have child care for your kid, you might send your kid to a library. If you're old and you're alone, you might go to the library. We've used the library to try to solve all these problems that deserve actual treatment. How many times have you talked to someone who said it's basically a homeless shelter? What's happened is we've stigmatized our public spaces because we've done so little to address core problems that we've turned them into spaces of last resort for people who need a Hand. As we do that, we send another message to affluent middle-class Americans, and that is if you want a gathering place, build your own in the private sector.
The Infrastructure of Community
How to Know What’s Real
To Eliminate Undesirable Behavior, You Have to Eliminate The Stimuli That Precedes It
Summary:
Self-control problems require structuring life to avoid stimuli that tempt bad behavior, similar to avoiding walking past a tavern if you're an alcoholic.
Investors can improve mental hygiene by unfollowing negative sources and following those with a long-term perspective to reduce hyper reactivity to market fluctuations. Changing exposure helps in turning down the amplitude of emotions.
Transcript:
Speaker 1
But if you 're an alcoholic, you would be crazy to walk past the tavern and say, i will demonstrate the will power not to walk in. You can't do that, and you know you can't, so you walk on the other street. And that's the kind of governor that people need to put on their behavior. If you know that you have self control problems, you have to structure your life so that the things that tempt you into bad behavior don't get surfaced in your stimuli. And that's very easy for investors to do. If you, if you know you have a tendency toward hyper reactivity to, you know, red arrows pointing downward on stock market displays, then turn that web site off, un follow that person On twitter. Follow people who take a longer term perspective and aren't rattled by this kind of thing. Improve your mental hygiene. You can't turn yourself into someone who's unemotional, but you can turn down the amplitude of your own emotions if you change what your exposures are.
#4 Jason Zweig — Elevate Your Financial IQ
The Knowledge Project with Shane Parrish
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