How to be more judicious than anyone?

How  to be more judicious than anyone?

Having skin in the game more than anyone.

What is the first priority?

What is the first priority?

The first priority is to figure out what would be required to do what we want to do , followed by whether we can carry out the mission.

How to run a succesfull experiment?

How to run a succesfull experiment?

First, take two or three risky strategies.

Next expose them to a series of shocks.

Then wait several years to see which strategy survives.

Why does the banker get the bailout and the merchant goes bankrupt?

Why does the banker get the bailout and the merchant goes bankrupt?

Because systemic risk is not a justice-based possiblitity and the amount of debt determines on who the sky will fall (the bigger the debt the less chance to fall).

Why we are in an unknown environment?

Why we are in an unknown environment?

Because the whole society has turned into a "perfect" system

in hands of an alien power that has nothing to do with you.

What is the best way of wasting your time?

What is the best way of  wasting your time?

Doing things everybody does.

Why economic growth doesn’t raise living standards in the U.S.?

Why economic growth doesn’t raise living standards in the U.S.?


Because higher inequality is the dynamic of the American system and the middle and working classes are no longer the driver of growth in the United States.