Some of my favorite Notes from one of the best Books on Decision-Making ever:
Fooled by Randomness
1. The quality of a decision cannot be solely judged based on its outcome.
2. The problem of today's media is increasing simplification in an increasingly complex world.
3. We need emotional errors and irrationalities to function as humans.
4. Considering that alternative outcomes could have taken place.
That the world could have been different, is the core of probabilistic thinking.
5. Intelligent people do not escape being fooled by randomness; they accept it.
6. Consequences of randomness can be good and bad.
Use stoicism to cope with bad randomness and enjoy the good randomness.
7. A mistake is not something to be determined after the fact, but in the light of the information until that point.
8. In an open society, there are no permanent truths. There's always room for counter ideas.
9. More important than wealth itself, is the route one uses to get to it.
10. Things are always obvious after the fact.
11. Loyalty to ideas is generally a bad idea.
12. We are prone to linear thinking, which is why we suck at predicting fundamental innovative changes.
13. Mathematics isn't just a numbers game. It's a way of thinking.
@NSE_PLC I have a question. If I have shares with a broker and they don't pay me my dividends where do I go to complain? I have similar problem with @FIB_Kenya on safaricom shares
Dear Kenyans, this was yesterday towards Nyeri. My question is, when you turn a dual carriageway into a one way, what happens to the cars from Nyeri-Nairobi? Just how STUPID are we seriously? So how do we get home with such thinking honestly? No wonder we are become worse in life
Nairobi Securities Exchange data is now available on TradingView! 🥳
Chart Kenyan stocks and get a view into the country's financial markets with this new integration. 📈
Get all the info here: https://t.co/z5d1ps2UIE