Quotes
The knowledge we get by tinkering, via trial and error, experience, and the workings of time, in other words, contact with the earth, is vastly superior to that obtained through reasoning, something self-serving institutions have been very busy hiding from us.
p. 7
Information is antifragile; it feeds more on attempts to harm it than it does on efforts to promote it.
p. 49
The sucker’s trap is when you focus on what you know and what others don’t know, rather than the reverse.
p. 56
There is no effective difference between guessing a variable that is not random, but for which information is partial or deficient (...), and a random one (...). In this sense, guessing (what I don't know, but what someone else may know) and predicting (what has not taken place yet) are the same thing.
p. 142
But it remains the case that you know what is wrong with a lot more confidence than you know what is right.
p. 58
Wittgenstein's ruler: "Unless you have confidence in the ruler's reliability, if you use a ruler to measure a table you may also be using the table to measure the ruler." (page 224)
While in theory randomness is an intrinsic property, in practice, randomness is incomplete information.
p. 198
The major problem with inference... is that those whose profession it is to derive conclusions from data often fall into the trap faster and more confidently... The more data we have, the more likely we are to drown in it. For common wisdom... is to base... decision making on the following principle: It is very unlikely for someone to perform... well in a consistent fashion without doing something right. ...[I]f someone performed better... in the past then there is a great[er] chance of performing better than the crowd in the future... But... [a] small knowledge of probability can lead to worse results than no knowledge at all.
The same past data can confirm a theory and its exact opposite! If you survive until tomorrow, it could mean that either a) you are more likely to be immortal or b) that you are closer to death.
p. 185
We tend to use knowledge as therapy.
p. 69
David Hume posed the issue in the following way (as rephrased in the black swan problem by... John Stuart Mill) No amount of observations of white swans can allow the inference that all swans are white, but the observation of a single black swan is sufficient to refute that conclusion.
We live in a world that is subjectively open. And we are designed by evolution to be "informavores," epistemically hungry seekers of information, in an endless quest to improve our purchase on the world.










