Hemant

The Sovereign Individual · Antifragile · @brydgework

[Hemant @SovereignHemant]

@nntaleb Statistics in science often acts like a drunk man’s lamp post—used for support, not illumination.

[Hemant @SovereignHemant]

Policies that guarantee some pie for everybody will slow the growth of the pie itself.

[Hemant @SovereignHemant]

Regulations is less of a "helping hand" for society and more of a "grabbing hand" for the corrupt bureaucrats whose opportunities to extort bribes rose along with the number of government permits and licence required for any endeavour.

[Hemant @SovereignHemant]

Markets work because resources flow to where they are valued most. Government regulation inherently interfere with that process.

[Hemant @SovereignHemant]

In the world painted by economics textbooks, entrepreneurs cross the road to earn higher profits.

In the real world, government officials stand by the road and demand a toll, if they don't block the crossing entirely.

[Hemant @SovereignHemant]

Markets work because resources flow to where they are valued most. Government regulation inherently interfere with that process.

[Hemant @SovereignHemant]

When government controls some elements of the economy, scarce resources are allocated by autocrats or bureaucrats or politicians rather than by the market.

[Hemant @SovereignHemant]

Government should not be the sole provider of a good or service unless there is a compelling reason to believe that the private sector will fail in that role.

[Hemant @SovereignHemant]

Death is the rule for those who do not.

[Hemant @SovereignHemant]

In the universe at large, knowledge-friendliness is the rule, not the exception.

That is to say, the rule is person-friendliness to the people who have the relevant knowledge.

[Hemant @SovereignHemant]

In the universe at large, knowledge-friendliness is the rule, not the exception.

That is to say, the rule is person-friendliness to the people who have the relevant knowledge.

[Hemant @SovereignHemant]

The Alpha and the Omega, the Beginning and the End.

[Hemant @SovereignHemant]

As all begins with Ram, so too may all end with Ram.

[Hemant @SovereignHemant]

As all begins with Ram, so too may all end with Ram.

[Hemant @SovereignHemant]

Having three telecom service providers that secretly collude when setting fares is no better than having one solvenly monopoly.

[Hemant @SovereignHemant]

Failure of the rule of law is one reason why nepotism, clans, and other family centred behaviour are so common in developing countries; in the absence of binding contractual agreements, business deals can be guaranteed only by some kind of personal relationship.

[Hemant @SovereignHemant]

If drones are the next phase in home delivery, we will have to work out the low-altitude property rights so they are not invading our privacy or crashing into each other.

[Hemant @SovereignHemant]

Creative Destruction is a tremendous positive force in the long run. But the bad news is that we don't pay our bills in the long run.

[Hemant @SovereignHemant]

Creative Destruction is not just something that might happen in a market economy.

It is something that must happen.

[Hemant @SovereignHemant]

"The square root of the people in any domain do half the work."

—Derek J. de Solla Price

[Hemant @SovereignHemant]

@Reddit banned me for sharing @nntaleb's ideas and written work.

[Naval @naval]

Co-founder is marriage without the sex.

[Hemant @SovereignHemant]

It is our duty to remain optimists.

[Hemant @SovereignHemant]

When there's no competition left outside, the cracks begin forming inside.