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It was this week that I argued extensively with professors and fellow students against the tendency to minimize “the unknown” (say in econometric models) in order for the models & predictions to work. Yesterday evening, after I arrived home, I picked up the copy of NNT’s “The Black Swan” and this paragraph was right there: […]

One of the interesting and scary things that we can nowadays watch unravelling in front of our eyes is how people who are not particularly genuine, ethical, and good (indeed, between your friends you’d call them f***ing arseholes), get turned into heroes through magic as simple as writing a biography (or having it written). Because […]

We are living in the Age of Noise. Not the age of information; not the age of dis-information. The age of noise. There is a large number of people whose salaries are based on number of words written or articles published, and/or on number of views generated. These people need to produce to make a […]

Lessons learned & observations made & realizations had… in 2016 Note: for sources, ‘via’ signals ‘how I understood their [the person’s] concept’; direct quotes comes with person’s name; no source means it occurred to me   Beware of dogma! DOGMA, beware! At first, one accepts certain dogma because it serves him, gives him freedom; over […]

A simple way of increasing the quality of any university: Taleb’s concept of Skin in the game. Unless the professor is (or was) a trader (doesn’t matter whether successful or not, only self-aware), he shall not teach anything related to trading & risk in the markets. Similarly, unless University’s inter-department communication works smoothly and flawlessly, […]

When I was young, I hated the academic insistence on precise terminology. Heck, I hate it even today. It ruins everything – the fun is destroyed before it even began precisely because some fresh out of university professor in a tight shirt insists on teaching fancy words first (and examine students‘ knowledge of such words […]

Taipei blues. This name occurred to me couple of months ago whilst walking around Prague. I knew I had something in there, something I wanted to examine and explore. Back then, I also knew that unless mother randomness shuffled the cards, I was going to spend ten months in Taipei. Having the name was great, […]