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Category: Thinking

The Map is not the Territory

September 18, 2020 The Money Engineer

We observe the world around us through our five senses. We then build a model which represents what we perceive. Our senses are limited. So

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Singular data points

August 10, 2020 The Money Engineer

When you see one pigeon and it turns out to be white, you can’t then infer that all pigeons are white. It is better to observe

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Non-zero probabilities

July 24, 2020 The Money Engineer

We should generally expend effort on things with non-zero probabilities. Some non-zero probabilities can have huge upsides. Opportunities can easily be found close to zero

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blind spots

June 23, 2020 The Money Engineer

Sometimes when I am driving I can’t see the other vehicles on the road in the side mirrors. I have learnt that this might not

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Correlation and causation.

June 4, 2020 The Money Engineer

The cock crows early morning as the sun rises. This is a case of correlation rather than causation. Causation is wrongly presuming that the sun

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