One of the most important life skills lies in asking the right questions, and like most other important ones, it is not taught in schools. This idea lies at the very heart of critical thinking, and thus when you see this… ..you can’t help but shake your head feeling both amused and frustrated at the same time. … More Ask the right questions
What if Germany and the Axis powers had won World War 2? It is a provocative question, one that has become the subject of a lot of theories over the years, even spawning a whole genre of alternative fiction. Yet it is not as far fetched as it might seem, with Germany enjoying early successes … More Process vs Outcome: Consider Base Rates & Alternative Histories
If you can meet with Triumph and Disaster; And treat those two impostors just the same Is one’s destiny written, or can the threads of fate be grasped with both hands? When Cassius chided Brutus saying “The fault, dear Brutus, is not in our stars but in ourselves that we are the underlings“, he was emphatically … More The Temperamental Edge
Background At the close of the 17th century, Scotland’s economic situation was grim. Four years of failed harvest had resulted in famine and depopulation. Trade with the Baltic and France had slumped due to protectionist trade barriers, and King William’s wars on the continent were being paid for through high taxation on the people. The final nail … More The Darien Debacle: Scotland’s imprudent investment
I don’t often rant. Okay, that’s not entirely true, but most of my rants end up either bouncing around in the confines of my mind before settling down or are shared with a few friends as fodder for a vigorous debate. However, I just couldn’t let this go without putting this into written form (So much … More Frugality: a dying virtue?
Since the dawn of time, humanity has been finding ways to make sense of the reality we exist in. The fundamental nature of science is that it discards old models and replaces it with new ones, sometimes in a manner that is incremental and sometimes turning our understanding of reality on its head. Some ideas like Alchemy, Geo-centrism, … More Musings on Models
Charlie Munger, vice chairman of Berkshire Hathaway and longtime partner of Warren Buffett needs no introduction. Over the years, Munger’s legend has grown to the point where he has a fan-club of his own, revered for his rationality and sheer breadth of knowledge, spanning nearly ever major discipline. Here are some of my favourite Munger … More Mungerisms