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Ironies of Luck https://t.co/5BPWGbAxFi— Morgan Housel (@morganhousel) March 14, 2018
"Luck is the flip side of risk. They are mirrored cousins, driven by the same thing: You are one person in a 7 billion player game, and the accidental impact of other people\u2019s actions can be more consequential than your own."
I’ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.
In other words, dumb luck was just that, it required no awareness on the person’s part, whereas “smart” luck involved awareness followed by action before the circumstances changed.
So, was I “lucky” to be born when I was—nothing I had any control over—and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write “What Works on Wall Street?” Absolutely.
Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.
In Asheville, North Carolina, go buy or order some great books by authors you love (hint, hint) via @Malaprops! #NationalAuthorsDay
In Chapel Hill, NC visit @FlyleafBooks. If they don't have my books in stock, I bet they'll order them for you! This is also true for other authors! #NationalAuthorsDay
In New York and NJ visit @wordbookstores! Ask for my books if they don't have them, and also buy lots of stuff by other authors! #NationalAuthorsDay
In Washington, D.C. visit @PoliticsProse for all your #NationalAuthorsDay needs. Ask for my books and those of hometown hero @baratunde and also buy cute objects!
1/ Two nights ago, Rupert Murdoch called on Mitch McConnell, after hours. Since then, two Fox News-related Twitter accounts have not tweeted.
2/ Trump fired Sessions on Wednesday, replacing him with human dildo/Putin collaborator Matt Whitaker. Sessions had asked to stay until Friday and was told to leave immediately. So there was clearly some urgency to install the dildo...er, puppet.
3/ The Democrats won the SHIT out of the Midterms. Come January, the House check on Trump will leave him so hobbled, he’ll be like the dude from Misery.
4/ Trump went to Paris, ostensibly for an Armistice Day centennial event. He skipped the event, and much of the dinner tonight, because of “weather,” which everyone seems to agree is a bullshit excuse.
Knowing whether old ideas are more likely to be good requires understanding whether conditions have changed in important ways.
Horse archery was an amazing method of warfare for over a thousand years...then people invented guns, and suddenly this great idea that had stood the test of time became obsolete.
Then again, when underlying conditions don't change much, tried-and-true approaches are probably better.
"Learning the lessons of history" usually just means assuming ergodicity and stationarity in an informal time-series model...
Arts are best form to Express thoughts & devotion. In All civilization Arts played very important role to express sprituality. Tibbeten Tangkhas are prime example .
List of My Paintings & Sketches
प्रलय पयोधि-जले धृतवान् असि वेदम्
विहित वहित्र-चरित्रम् अखेदम्
केशव धृत-मीन-शरीर, जय जगदीश हरे!!
छलयसि विक्रमणे बलिम् अद्भुत-वामन
केशव धृत-वामन रूप जय जगदीश हरे
नंदसि यज्ञ- विधेर् अहः श्रुति जातम्
केशव धृत-बुद्ध-शरीर जय जगदीश हरे
क्षत्रिय-रुधिर-मये जगद् -अपगत-पापम्
स्नपयसि पयसि शमित-भव-तापम्
केशव धृत-भृगुपति रूप जय जगदीश हरे