Ryu's Blog

Nobel in Economics

Links to economists’ comments on the winners. Good opportunity to brush up on the efficient markets hypothesis and behavioral finance. This might be a good place to start. I guess the bottom line for those who ask “what should I invest in?” type of questions is stick with low-cost index fund.

Scott Adams’ Secret of Success: Failure

Key points: Success caused passion more than passion caused success; have a system, not goals; stay in the game.

TED talks are lying to you

Excerpts:

…society had no interest in new ideas at all unless they reinforced favorite theories or could be monetized in some obvious way. The method of every triumphant intellectual movement had been to quash dissent and cordon off truly inventive voices.

……

Using Vincent van Gogh as an example, the author declares that the artist’s “creativity came into being when a sufficient number of art experts felt that his paintings had something important to contribute to the domain of art.” Innovation, that is, exists only when the correctly credentialed hivemind agrees that it does. And “without such a response,” the author continues, “van Gogh would have remained what he was, a disturbed man who painted strange canvases.” What determines “creativity,” in other words, is the very faction it’s supposedly rebelling against: established expertise.