11/12/2023

Book added to the wish list - Right Kind of Wrong: Why Learning to Fail Can Teach Us to Thrive

 Shortlisted for the Financial Times Business Book of the Year Award

'A masterclass in navigating, and even seeking out, the inevitable failures that pave the way to success . . . A must-read.' Angela Duckworth, author of Grit


Forget 'fail fast, fail often'. This revolutionary book reveals how we get failure wrong - and how to get it right.


We used to think of failure as a problem, to be avoided at all costs. Now, we're often told that failure is desirable - that we must 'fail fast, fail often'. The trouble is, neither approach distinguishes the good failures from the bad. As a result, we miss the opportunity to fail well.


Here, Amy Edmondson - the world's most influential organisational psychologist - reveals how we get failure wrong, and how to get it right. She draws on a lifetime's research into the science of 'psychological safety' to show that the most successful cultures are those in which you can fail openly, without your mistakes being held against you. She introduces the three archetypes of failure - simple, complex and intelligent - and explains how to harness the revolutionary potential of the good ones (and eliminate the bad).


And she tells vivid stories ranging from the history of open heart surgery to the Columbia Space Shuttle disaster, all to ask a simple, provocative question: What if it is only by learning to fail that we can hope to truly succeed?

_

'Great clarity and insight . . . Right Kind of Wrong will inspire you to do your boldest work.' Ed Catmull, co-founder of Pixar and author of Creativity, Inc.

'No skill is more important than learning from failure - and no one on earth knows more about it than Amy Edmondson.' Adam Grant, author of Think Again


11/11/2023

Relevant quotes - The signal and the noise →Silver

On overall market irrationality, efficient market hypothesis, and fallibility of our predictions / forecasts.

"...John Maynard Keynes said, "The market can stay irrational longer than ye can stay solvent." ..."

"..First, there is the weak form of efficient-market hypothesis. What this claim is that stock-market prices cannot be predicted from analyzing past statistical patterns alone. In other words, the chartist's techniques are bound to fail.

 The semi strong form of efficient-market hypothesis takes things a step further. It argues that fundamental analysis- meaning, actually looking at publicly available information on a company's financial statements, its business model, macroeconomic conditions and so forth-is also bound to fail and will also not produce returns that consistently beat the market.

Finally, there is the strong form of efficient-market hypothesis, which claims that even private information - insider secrets -will quickly be incorporated into market prices and will not produce above average returns. The version of efficient-market hypothesis is meant more as the logical extreme of the theory and is not believed literally by most proponents of efficient markets including Fama.") There is fairly unambiguous evidence, instead, that insiders make above-average returns...."


"...a central premise of this book is that we must accept the fallibility of our judgment if we want to come to more accurate predictions. To the extent that markets are reflections of our collective judgment, they are fallible too. In fact, a market that makes perfect predictions is a logical impossibility...."


S02E05 - Jesús Sainz - Supera tus Miedos -> Talent Pills

 Muy bueno podcast con Jesús Sainz.

Me he quedado con las siguientes ideas clave:

1. El tiempo es uno de tus activos más preciosos, pero puede hacerlo elástico

2. Cd un problema no tiene solución pasa a ser un dato, una variable exógena que no puedes controlar pero que tienes que contar con él.


#talentpills


Talent Pills: S02E05 - Jesús Sainz - Supera tus Miedos en Apple Podcasts



The best movies of 2023 by the Economist.

 Several added to my wish list. Enjoy!


The best films of 2023, as chosen by The Economist

11/10/2023

Starting a new book (Fiction)→ My Dark Vanessa

 Russell, Kate Elizabeth. My Dark Vanessa: THE SUNDAY TIMES BESTSELLER AS SEEN ON TIKTOK . HarperCollins Publishers. Kindle Edition.

Vanessa Wye was fifteen-years-old when she first had sex with her English teacher.


She is now thirty-two and in the storm of allegations against powerful men in 2017, the teacher, Jacob Strane, has just been accused of sexual abuse by another former student.


Vanessa is horrified by this news, because she is quite certain that the relationship she had with Strane wasn't abuse. It was love. She's sure of that.


Forced to rethink her past, to revisit everything that happened, Vanessa has to redefine the great love story of her life – her great sexual awakening – as rape. Now she must deal with the possibility that she might be a victim, and just one of many.


Nuanced, uncomfortable, bold and powerful, My Dark Vanessa goes straight to the heart of some of the most complex issues of our age.




El inversor inteligente → Benjamin Graham, Idoia Bengoechea (Translator)

 Reseña en breve

goodreads.com/review/show/5847484850





Quote - Peter Bernstein → Graham, Benjamin. El inversor inteligente (Deusto) (Spanish Edition) (p. 715). Deusto. Kindle Edition.

 “In making decisions under conditions of uncertainty, the consequences must dominate the probabilities" - Peter Bernstein


«A la hora de adoptar decisiones en condiciones de incertidumbre, las consecuencias deben dominar a las probabilidades. Nunca sabemos lo que va a pasar en el futuro».