right brain > left brain

Halo Effect (Skepdic): if someone sounds wise, we tend to assume he or she is honest and good-looking. If someone is a criminal, we tend to expect that they cheat at senet and wear rumpled black.

Nirvana Fallacy: just because something has a flaw does not mean that its useless.

he says there's a blind spot as the overwhelming mythology methodology for research in economics

has been to take observations over a short period time as if cause and effect sit on top

Big Data Can be Bad Data (Michael E. Smith): Putting math in it does not make it science if the numbers were made

although we are all interested in margin it must never be done at the expense of our philosophy margin must be obtained by

better buying emphasis on selling the right kinds of goods we want to sell operating efficiencies lower Mark markdowns greater turnover increasing the retail prices and justifying on the basis that we are still competitive could

Nick is seeing himself in that story right now in 2008 he's like I got I got Berkshire I got Amazon the key is

to not mess that up he the key is to not interrupt this these honest compounding machines which in itself is a decision a daily decision not to do anything and arguably more difficult than to do something because I think we are naturally wi

As Buffett says, I’d rather be directionally correct than precisely wrong. Such sentiment allows us to understand why the Oracle found so much amusement over investors’ obsession over valuation and DCF calculations.