Sublime

Non-Ergodic : When group probabilities don’t apply to singular events. If 100 people play Russian Roulette once, the odds of dying might be, say, 10%. But if one person plays Russian Roulette 100 times, the odds are dying are practically 100%.

Any user of a map or model must realize that we do not understand a model, map, or reduction unless we understand and respect its limitations. If we don’t understand what the map does and doesn’t tell us, it can be useless or even dangerous.

no approach, viewed dispassionately, is measurably smarter than any other. The differences in their yearly results stem largely from one factor, one alone. In any given year, some are luckier than others.

There are two ways to be an almost sure loser in life. One is to take goofy risks; that is, risks that are out of proportion to the rewards being sought. And the other is to take no risks at all.

under normal circumstances it is impossible to completely exhaust the potential in the right triangle.