implementation

Better give your path to a dog than be bitten by him in contesting for the right. Even killing the dog would not cure the bite.’

Key insight: Just a handful of the right people paying attention to your work can transform your career security and opportunities.

Curiosity: Questions are the answer to improving curiosity. Before you start reading or learning anything, ask yourself motivational questions. Most people ask questions that don’t move them to action.

The important thing is the proper, selective training—the presence of mind—coupled with the desire and the motivation to master your thought process.

To support the mechanisation of mail in the 1950s, the UK needed a postal coding system that could not only divide the country into small areas but also be read by a computer and understood by a postman, all the while allowing a maximum number of permutations. As easy as that.

The test procedure, the reader will note, is to use the muscle test to verify the truth or falsity of a declarative statement. Unreliable responses will be obtained if the question has not been put into this form. Nor can a reliable result be obtained from inquiry into the future; only statements regarding existent conditions or events in the past

All TFT did was cooperate on the first Prisoner’s Dilemma round, then in every subsequent round, it did whatever the opponent did previously—that is, if on the previous round the opponent cooperated, it cooperated on the next round; if the opponent betrayed, it betrayed on the next round. This simple program decimated the competition. So Axelrod

The necessary elements are all there (at least if you’ve done your observational and imaginative work). The trick is in what you do with them. Are you using all available evidence, and not just what you happen to remember or think of or encounter? Are you giving it all the same weight, so that you are truly able to sift the crucial from the

We see three major questions an investor needs to consider.

1. Should they prefer long term assets or cash (Money Market Funds or Tbills)?




2. Should they prefer stocks to bonds when allocating to assets?




3. Should they prefer nominal or real future cash flows when allocating to assets?

Question 1 is answered by determining the direction (not the level) of risk