“…in contrast, if you just look at the economy as a series of variables and equations without any underlying structure, you are almost certain to mistake noise for a signal and may delude yourself (and gullible investors) into thinking you are making good forecasts when you are not. …”
“…economic forecasters face three fundamental challenges.
Is humility and humbleness so important in a leader? would say it depends, but the evidence is definitively contrarian to such claim (or it might be my representativeness bias kicking in, as the louder and histrionic CEOs get media attention).
something that should be analyzed in more depth in a future post.
China approves the world’s first flying taxi (economist.com
Une intervention claire, mature et équilibrée. L'usage de la force ne fonctionne que lorsqu'il sert une stratégie politique pour résoudre une situation aussi complexe que ce conflit.
https://www.youtube.com/live/Mpq5IxdDeqA?si=tBFTfMq6Wkt56OZG
https://substack.com/@pedrosantospinto/note/c-42663771?utm_source=notes-share-action&r=13q5fd
Great complement to the book I’m reading from Nate Silver!
https://substack.com/@pedrosantospinto/note/c-42655721?utm_source=notes-share-action&r=13q5fd
Always worth reading! Highly recommend it every week.
Beyond Euclid - #102 - Beyond Euclid (substack.com)
#steam #newsletter
Long gone are the days of Drucker's recommendation:
“I have often advised managers that a 20-to-1 salary ratio is the limit beyond which they cannot go if they don’t want resentment and falling morale to hit their companies”. - Drucker
