Words of wisdom by Nassim Nicholas Taleb

·         You can mispredict everything for all your life yet think that you will get it right next time.

·         There is no such thing as bad publicity; some people manage to promote your work by insulting it.

·         It is a mistake to use statistics without logic; it is not a mistake to use logic without statistic.

·         Conversations and correspondence with intelligent people is a better engine for personal edification than plain library visits.

·         That which came with the help of luck could be taken away by luck

·         Mild success can be explainable by skills and labor; wild success is attributable to variance.

·         Mathematics is not just a “number game” it is a way of thinking.

·         Heroes are heroes because they are heroic in behavior , not because they won or lost.

·         Volatility seems to be determined not by the actual moves but by the tone of the media.

·         Beware the confusion between correctness and intelligibility.

·         What sounds intelligent in a conversation or a meeting, or particularly, in the media, is suspicious.

·         A book can make a strong impression, but such an impression tends to wane after some newer impression replaces in the brain.

·         It clearly costs money to look and behave rich, not to count the time demands of spending money.

·        Gambling is best defined as an activity where the agent gets a thrill when confronting a random outcome, regardless of whether he has the odds stacked in his favor or against him.

·         We may be programmed to build a loyalty of ideas.

·         Just listen while shaken by emotion but not with the coward’s imploration and complaints.

·         A mild degree of unpredictability in your behavior can help you to protect yourself in situation of conflict.

·         Unpredictability is a strong deterrent.

·         We favor the visible, the embedded, the personal, the narrated and tangible ; we scorn the abstract

 
Source: Fooled by Randomness

                   

Quotes

MichaelGerber says:

The difference between great people and everyone else is that great people create their lives actively, while everyone else is created by their lives, passively waiting to see where life takes them next. The difference between the two is the difference between living fully and just existing.

The entrepreneur is only Visionary, the creator in each of us. We're born with that quality and it defines our lives as we respond to what we see, hear, feel and experience. It is developed, nurtured and given space to flourish and is squelched, thwarted without air of stimulation and dies.

"Is there a formula for successful Leaders?"

William W Kooser, Associate dean for Global Outreach, the University of Chicago Booth School of Business, answers this questions thus:

• Successful global business leaders today need key capabilities and attributes such as solid analytic; global mindset; an appropriate dose of humility, curiosity and a bit of luck.
• The age of Big data (customer and competitor data) is upon us and leaders need to understand what that data tells.
• "Informed gut" is a valuable tool .
• Do not delegate all the analytical wok and understanding to others.
• CEO need to rely on others -- both within and outside the company -- to generate the information and ideas they need and challenge their decisions and strategies.
• Humility fosters a sense of curiosity; constantly seek out new ideas and adjust the company's direction.
• Therefore the characteristics of successful leaders include skills that can be taught in the classroom; attitudes that are learned in life/job; personality traits that are developed through life and a element of happenstance* that can't be taught, developed or predicted.

*a chance happening

Source: Economic Times , 4th Nov. 2014. p.8

Mottos for Success

1.1.2014:
A new year is a new chance to start a new and better life. Make the most of it.

2.1.2014
At the start of this new year, reflect on what you have accomplished so far in your life and be thankful, but don't be satisfied with that. Determine to reach for even greater things and you will achieve them.

3.1.2014
If you want to really live, start off each day by finding something to be thankful for.

4.1.2014
Success doesn't run around begging to be discovered. Like buried treasure, on;y the most believing and preserving find it.

5.1.2014
There is no happiness that you have made a difference in someone else 's life.

6.1.2014
As sure as the sun rises, God's Love will always be there for you.

7.1.2014
To have friends, be a friend.
To be remembered, remember others.
To be loved, be loved.

8.1.2014
Faith gives the assurance that whatever lies before us is known to God and under his control.