₦airaland Forum

Women are men with money
-Samuelson

Mahadiana

Inter lose

Let’s get one thing clear right now, shall we? There is no Idea Dump, no Story Central, no Island of the Buried Bestsellers; good story ideas seem to come quite literally from nowhere, sailing at you right out of the empty sky: two previously unrelated ideas come together and make something new under the sun. Your job isn’t to find these ideas but to recognize them when they show up.

On the day this particular idea—the first really good one—came sailing at me, my mother remarked that she needed six more books of stamps to get a lamp she wanted to give her sister Molly for Christmas, and she didn’t think she would make it in time. “I guess it will have to be for her birthday, instead,” she said. “These cussed things always look like a lot until you stick them in a book.” Then she crossed her eyes and ran her tongue out at me. When she did, I saw her tongue was S&H green. I thought how nice it would be if you could make those damned stamps in your basement, and in that instant a story called “Happy Stamps” was born. The concept of counterfeiting Green Stamps and the sight of my mother’s green tongue created it in an instant.

On the US not banning crypto transactions: "I am not proud of my country for allowing this crap – well, I call it crypto shit. It's worthless, it's crazy, it's not good, it'll do nothing but harm, it's antisocial to allow it… I think the people that oppose my position are idiots" – Munger at the 2023 Daily Journal annual meeting

On bitcoin when it was trading at $150: "I think it's rat poison" – Munger in a 2013 interview with Fox Business

9. Five years later, when the token was valued at $9,000: "So it's more expensive rat poison" – Munger in a 2018 follow-up interview with Fox Business

Suliya

My belief is that nothing that can be expressed by mathematics cannot be expressed by careful use of literary words.

Ariel

Economics has never been a science - and it is even less now than a few years ago

Even fans of actively managed funds often concede that most other investors would be better off in index funds. But buoyed by abundant self-confidence, these folks aren't about to give up on actively managed funds themselves. A tad delusional? I think so. Picking the best-performing funds is 'like trying to predict the dice before you roll them down the craps table,' says an investment adviser in Boca Raton, FL. 'I can't do it. The public can't do it.'

Economics involves too complex a system ... economics should emulate physics' basic ethos, but its search for precision in physics-like formulas is almost always wrong in economics." J.M. Keynes adds: "To convert a model into a quantitative formula is to destroy its usefulness as an instrument of thought."

Sometimes I call it crypto 'crappo,' sometimes I call it 'crypto s---.' It's just ridiculous that anybody would buy this stuff

The next time a Merton [Robert Merton, 1997 Nobel Laureate for developing mathematical riskmanagement formulas] proposes an elegant model to manage risks and foretell odds, the next time a computer with a perfect memory of the past is said to quantifY risks in the future, investors should run - and quickly - the other way."

Economists have much to be humble about.

I don't care who writes a nation's laws - or crafts its advanced treaties - if I can write its economics textbooks.

Thousands of important and intelligent men have never been able to grasp the principle of comparative advantage or believe it even after it was explained to them

Although the United States has never experienced inflation even close to that of Germany in the 1920s, inflation has at times been an economic problem. During the 1970s, for instance, when the overall level of prices more than doubled, President Gerald Ford called inflation “public enemy number one.” By contrast, inflation in the first decade of the 21st century ran about 2½ percent per year; at this rate, it would take almost 30 years for prices to double. Because high inflation imposes various costs on society, keeping inflation at a low level is a goal of economic policymakers around the world. What causes inflation? In almost all cases of large or persistent inflation, the culprit is growth in the quantity of money. When a government creates large quantities of the nation’s money, the value of the money falls. In Germany in the early 1920s, when prices were on average tripling every month, the quantity of money was also tripling every month. Although less dramatic, the economic history of the United States points to a similar conclusion: The high inflation of the 1970s was associated with rapid growth in the quantity of money, and the return of low inflation in the 1980s was associated with slower growth in the quantity of money.

Transpower👯

B. Index

An excess of what seems like professionalism will often wind up hurting you horribly precisely because those careful procedures themselves often lead to overconfidence in their outcome... Long Term Capital Management, the well-known hedge fund recently collapsed as a result of its principals' overconfidence in their highly leveraged methods. And it collapsed despite those principals having IQ's that must have averaged 160 or more ... Smart, hard-working people aren't exempt from professional disasters resulting from overconfidence. Often they just go aground in the more difficult voyages on which they choose to embark based on self appraisals in which they conclude that they have superior talents and methods. It is, of course, irritating that extra care in thinking isn't all good - that it also introduces extra error. But most good things have undesired "side effects." And thinking is no exception.

Sarah

Krodesvari

There is no such thing as a heterosexual male, only men who haven't met Oscar Wilde yet.

Penis enlargement

Dugbe dugbe

Thunderbolt strike the yansh

Oracle

Yansh is yansh