fun facts for the next time someone asks
Pareto Principle : The majority of outcomes are driven by a minority of events.
Morgan Housel • 100 Little Ideas
Anscombe’s Quartet : Four sets of numbers that look identical on paper (mean average, variance, correlation, etc.) but look completely different when graphed. Describes a situation where exact calculations don’t offer a good representation of how the world works.
Morgan Housel • 100 Little Ideas
McNamara Fallacy : A belief that rational decisions can be made with quantitative measures alone, when in fact the things you can’t measure are often the most consequential. Named after Defense Secretary McNamara, who tried to quantify every aspect of the Vietnam War.
Morgan Housel • 100 Little Ideas
India had fewer than 10 billionaires two decades ago, when Mukesh Ambani and his younger brother first appeared on the Forbes billionaire list after their father, company founder Dhirubhai Ambani, died. Now, the country is the world’s third-biggest source of billionaires after China and the U.S.
India’s 200 billionaires have a combined net worth of... See more
India’s 200 billionaires have a combined net worth of... See more
Ambani Wedding Puts 'Crazy Rich Indians' in the Spotlight - WSJ
Tom Whitwell • 52 things I learned in 2024
Perhaps because names are so crucial and personal, naming things can feel uniquely human. And until a little over a decade ago, scientists predominantly thought that was true. Then, in 2013, a study suggested that bottlenose dolphins use namelike calls. Scientists have since found evidence that parrots, and perhaps whales and bats, use calls that i... See more
Tove Danovich • Elephants Are Doing Something Deeply Human
Hanlon’s Razor: “Never attribute to malice that which can be adequately explained by stupidity.”
Morgan Housel • 100 Little Ideas
According to data from Forbes, there were 2,781 billionaires worldwide as of March. The combined net worth of U.S. billionaires totals $5.7 trillion, more than any other country. China’s billionaires rank second, worth $1.3 trillion, and India’s billionaires rank third at $954 billion.
Ambani Wedding Puts 'Crazy Rich Indians' in the Spotlight - WSJ
There is no formula, scoring system or checklist. One thing to remember is that it is not our intent to honor the dead; we leave the tributes to the eulogists. We seek only to report deaths and to sum up lives, illuminating why, in our judgment, those lives were significant. The justification for the obituary is in the story it tells.