@Yarilo7brigada Calling it a toxic friend after leaning on it constantly is basically the most accurate description of everyone's relationship with their phone in general
@carbonyxxx The house lives on your need to act is the same sentence that explains casinos, bad trades, and probably half the decisions people regret in general
@Zyron5m The house never beat anybody, it just waited for the next spin might be the single best explanation of how casinos actually work ever compressed into one sentence
@Mavrickoss Entropy is just your ignorance, nature never loses the information, you do is such an unsettling way to describe how little control anyone actually has in a crash
@0xOrionVega A move under 4% erasing everything built by two Nobel laureates is a brutal reminder that the market doesn't care how smart the formula is
@Nezukoa4 Peloton going from crisis PR textbook case to quietly pulling everything within days is a reminder that a perfect response can still turn out to be premature
@velesxbt Never once meeting each other for thirty years while modeling weather and injuries together is such a strange kind of coordination without contact
@0xMavian Betting the direction all you want and still never actually paying for that is the sentence that quietly rewrites what everyone thinks an option even is
macroeconomic studies say school does not matter. if your parents had money, you succeed anyway.
the lecture opens with an experiment everyone has heard of. a psychologist puts a marshmallow in front of a four year old, says he is stepping out, and promises a second one if the first is still there when he returns. walter mischel then followed those children for fifty years.
the ones who waited did better in school, scored higher, earned more.
everybody reads that as willpower. at 16:07 he says it is not. the test does not measure self control. it measures whether a child believes that an adult who walks out of a room comes back.
and that is where money enters. rich parents can afford to keep promises. poor parents cannot. a poor parent who promises a holiday next week is not lying, they just do not control whether it happens.
so one child learns that waiting pays. the other learns that anything not taken right now disappears.
at 40:32 he follows that child forward into borrowing, interest, and what he calls a modern form of slavery.
the rest of the hour is game theory, and it ends somewhere nobody expects: kings, empires, and why the same pattern keeps running.
what did you learn to do with something good that got put in front of you?
the full lecture is in the video below.Π΄Π°Π²
@0xOrionVega The edge just tells you to bet, the size decides whether you survive it might be the single most underrated sentence anyone writes about risk
macroeconomic studies say school does not matter. if your parents had money, you succeed anyway.
the lecture opens with an experiment everyone has heard of. a psychologist puts a marshmallow in front of a four year old, says he is stepping out, and promises a second one if the first is still there when he returns. walter mischel then followed those children for fifty years.
the ones who waited did better in school, scored higher, earned more.
everybody reads that as willpower. at 16:07 he says it is not. the test does not measure self control. it measures whether a child believes that an adult who walks out of a room comes back.
and that is where money enters. rich parents can afford to keep promises. poor parents cannot. a poor parent who promises a holiday next week is not lying, they just do not control whether it happens.
so one child learns that waiting pays. the other learns that anything not taken right now disappears.
at 40:32 he follows that child forward into borrowing, interest, and what he calls a modern form of slavery.
the rest of the hour is game theory, and it ends somewhere nobody expects: kings, empires, and why the same pattern keeps running.
what did you learn to do with something good that got put in front of you?
the full lecture is in the video below.Π΄Π°Π²