Thank You Sir.
Textor
Textor
Technical Analysis Fallacy
- #25,112
- May 18, 2011 10:28pm May 18, 2011 10:28pm
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Success consists of going from failure to failure without loss of enthusiam
- #25,115
- Edited 5:56am May 19, 2011 5:28am | Edited 5:56am
- | Joined Feb 2006 | Status: adjust your sails to the wind | 1,354 Posts
- #25,116
- May 19, 2011 7:18am May 19, 2011 7:18am
Hi,
That is an excerpt from the book "The Black Swan" from Nassim Nicholas Taleb, a book that I recommend to read and reread:
...
When You Need the Bastiani Fortress
Note that there was no brother-in-law around in Drogo’s social network. He was lucky to have companions in his mission. He was a member of a community at the gate of the desert intently looking together at the horizon. Drogo had the advantage of an association with peers and the avoidance of social contact with others outside the community.
We are local animals, interested in our immediate neighborhood—even if people far away consider us total idiots. Those homo sapiens are abstract and remote and we do not care about them because we do not run into them in elevators or make eye contact with them. Our shallowness can sometimes work for us.
It may be a banality that we need others for many things, but we need them far more than we realize, particularly for dignity and respect. Indeed, we have very few historical records of people who have achieved anything extraordinary without such peer validation—but we have the freedom to choose our peers. If we look at the history of ideas, we see schools of thought occasionally forming, producing unusual work unpopular outside the school. You hear about the Stoics, the Academic Skeptics, the Cynics, the Pyrrhonian Skeptics, the Essenes, the Surrealists, the Dadaists, the anarchists, the hippies, the fundamentalists.
A school allows someone with unusual ideas with the remote possibility of a payoff to find company and create a microcosm insulated from others. The members of the group can be ostracized together—which is better than being ostracized alone.
If you engage in a Black Swan–dependent activity, it is better to be part of a group.
...
Rgs,
Textor
That is an excerpt from the book "The Black Swan" from Nassim Nicholas Taleb, a book that I recommend to read and reread:
...
When You Need the Bastiani Fortress
Note that there was no brother-in-law around in Drogo’s social network. He was lucky to have companions in his mission. He was a member of a community at the gate of the desert intently looking together at the horizon. Drogo had the advantage of an association with peers and the avoidance of social contact with others outside the community.
We are local animals, interested in our immediate neighborhood—even if people far away consider us total idiots. Those homo sapiens are abstract and remote and we do not care about them because we do not run into them in elevators or make eye contact with them. Our shallowness can sometimes work for us.
It may be a banality that we need others for many things, but we need them far more than we realize, particularly for dignity and respect. Indeed, we have very few historical records of people who have achieved anything extraordinary without such peer validation—but we have the freedom to choose our peers. If we look at the history of ideas, we see schools of thought occasionally forming, producing unusual work unpopular outside the school. You hear about the Stoics, the Academic Skeptics, the Cynics, the Pyrrhonian Skeptics, the Essenes, the Surrealists, the Dadaists, the anarchists, the hippies, the fundamentalists.
A school allows someone with unusual ideas with the remote possibility of a payoff to find company and create a microcosm insulated from others. The members of the group can be ostracized together—which is better than being ostracized alone.
If you engage in a Black Swan–dependent activity, it is better to be part of a group.
...
Rgs,
Textor
