Headspace

I soooo heart Taleb.

I remind myself of Einstein's remark that common sense is nothing but a collection of misconceptions acquired by age eighteen. Furthermore, What sounds intelligent in a conversation or a meeting, or, particularly, in the media, is suspicious.

The risk manager's job feels strange: As we said, the generator of reality is not observable. They are limited in their power to stop profitable traders from taking risks, given that they would, expost be accused by the George Wills around of costing the shareholder some precious opportunity shekels. On the other hand, the occurrence of a blow up would cause them to be responsible for it. What to do in such circumstances?
Their focus becomes to play politics, cover themselves by issuing vaguely phrased internal memoranda that warn against risk-taking activities yet stop short of completely codemning it, lest they lose their job.

He loves Graham Greene as well. Did I already mention I adore this chap?