Currently, the idea that the crowd is wiser than any single individual is widely spread. Places like Wikipedia and Quora rely on the network effect of the internet to benefit from collective human knowledge. The idea behind this is that the aggregated knowledge of the population is able to find the right answer and cancel […]
Category Archives: Philosophy
Black swan and gray rhino
“Blacks swans” and “gray rhinos” refer to two very different but dangerous threats for investors. Nassim Taleb popularized the term “black swan” through his book (es) with the same name. But the black swan theory comes from much farther and is a metaphor describing an unforeseen event that has major effects. These events are so […]
Self worth
As long as you try to impress others, you are not convinced of your own strength. As long as you strive to be better than others, you are doubting your own worth. As long as you try to elevate yourself by lowering others, you are doubting your own greatness. Who is in peace with oneself […]
Play games you cannot loose
I never loose, I either win or learn – Nelson Mandela If you reframe life in a way that never leads to failure you will win the game of life. You can choose one single goal, i.e. running a marathon. However, wouldn’t it be better to create a system? For example, run 1h every two […]