Archive for July, 2007
Brilliant Stop War Grafitti
July 27, 2007Peanuts by Charles Bukowski
July 25, 2007
If Peanuts had been written by Charles Bukowski, not Charles Schulz:
It began as a mistake.
The first time that Charles Branaski met Lucy Van Pelt, she was holding a football. He didn’t care for the game, baseball was his thing. Still, she held out that old football.
“Just kick the fucking thing,” she said.
“Listen, babe. You just hold that thing steady and I’ll kick the shit out of it.”
She threw her head back and laughed. She laughed long and hard and propped up the football. Charlie took a running start and he reared back his leg and kicked as hard as he could. Lucy was laughing too hard to hold the ball steady and it slipped out of her hand. Charlie missed the ball and flew straight up in the air and landed flat on his back.
The Black Swan: The Impact of the Highly Improbable By Nassim Nicholas Taleb
July 21, 2007
Four hundred years ago, Francis Bacon warned that our minds are wired to deceive us. “Beware the fallacies into which undisciplined thinkers most easily fall–they are the real distorting prisms of human nature.” Chief among them: “Assuming more order than exists in chaotic nature.” Now consider the typical stock market report: “Today investors bid shares down out of concern over Iranian oil production.” Sigh. We’re still doing it.
Our brains are wired for narrative, not statistical uncertainty. And so we tell ourselves simple stories to explain complex thing we don’t–and, most importantly, can’t–know. The truth is that we have no idea why stock markets go up or down on any given day, and whatever reason we give is sure to be grossly simplified, if not flat out wrong.
Nassim Nicholas Taleb first made this argument in Fooled by Randomness, an engaging look at the history and reasons for our predilection for self-deception when it comes to statistics. Now, in The Black Swan: the Impact of the Highly Improbable, he focuses on that most dismal of sciences, predicting the future. Forecasting is not just at the heart of Wall Street, but it’s something each of us does every time we make an insurance payment or strap on a seat belt.
The problem, Nassim explains, is that we place too much weight on the odds that past events will repeat (diligently trying to follow the path of the “millionaire next door,” when unrepeatable chance is a better explanation). Instead, the really important events are rare and unpredictable. He calls them Black Swans, which is a reference to a 17th century philosophical thought experiment. In Europe all anyone had ever seen were white swans; indeed, “all swans are white” had long been used as the standard example of a scientific truth. So what was the chance of seeing a black one? Impossible to calculate, or at least they were until 1697, when explorers found Cygnus atratus in Australia.
Nassim argues that most of the really big events in our world are rare and unpredictable, and thus trying to extract generalizable stories to explain them may be emotionally satisfying, but it’s practically useless. September 11th is one such example, and stock market crashes are another. Or, as he puts it, “History does not crawl, it jumps.” Our assumptions grow out of the bell-curve predictability of what he calls “Mediocristan,” while our world is really shaped by the wild powerlaw swings of “Extremistan.”
I, too, look at the world through the powerlaw lens, and I too find that it reveals how many of our assumptions are wrong. But Taleb takes this to a new level with a delightful romp through history, economics, and the frailties of human nature.
MacGyver Multitool
July 17, 2007
I Listen To Bands…
July 9, 2007
I just wanted to give a quick nod to this hilarious t-shirt that popped up recently at Threadless. There’s not much to say about it that you can’t decipher by reading the blatantly clear message that is the shirt. I especially enjoyed the message because it very much echos my sentiment regarding the pretentious cloud that sometimes drapes over the music scene. As of now, there are plenty of guys and girls tees in stock, but something tells me there’s going to be a run on these things!
Japan Has Some Crazy Awesome Commercials
July 9, 2007
These Dells Are Great For Porno!
July 5, 2007
Can You Spot The Ninjas?
July 3, 2007
