tag:blogger.com,1999:blog-37872616.post7484034714118520363..comments2024-03-29T05:45:54.272+08:00Comments on BULLy the BEAR: Living life in an uncertain worldla papillionhttp://www.blogger.com/profile/01372278083694506953noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-37872616.post-29961782927533624512008-07-09T09:46:00.000+08:002008-07-09T09:46:00.000+08:00Hi finding mr lazy,Regarding the 80/20 rule, I thi...Hi finding mr lazy,<BR/><BR/>Regarding the 80/20 rule, I think it's the idea that counts. I read somewhere (perhaps it's in Black Swan) that the rule isn't that accurate. Why not 65/35, or 90/10? But as I said, it's the idea that counts! :)la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-28719057773442982102008-07-09T02:16:00.000+08:002008-07-09T02:16:00.000+08:00yeah totally agree ... the 80/20 rule.yeah totally agree ... the 80/20 rule.FMLhttps://www.blogger.com/profile/01283010520664810945noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-8724541113274982912008-07-08T09:52:00.000+08:002008-07-08T09:52:00.000+08:00Hi durio,I agree with you that reductionist mindse...Hi durio,<BR/><BR/>I agree with you that reductionist mindset can simplify many decisions in life that requires split seconds to make. It's impossible to live life if we're so exactly detailed and unable to generalise.<BR/><BR/>(There is a true story of a man with a certain brain function lacking - he can remember everything to his detriment, since he cannot recognise a person's voice as the voice changes slightly from day to day!)<BR/><BR/>This instinct of generalising had helped us in the past. However, we're ill-adapted in investments because of that. Financial markets only appeared very recently (with respect to human appearance on earth). This ability to reduce things to platonic levels makes us unable to have an edge in the financial markets. That is our failing.<BR/><BR/>You'll find that the best minds in the finanical world - those that made the most - are usually those who have their own thinking, their own contrarian (usually) way of avoiding herd instincts. <BR/><BR/>That is the point I want to share.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-71450248893585574842008-07-06T00:17:00.000+08:002008-07-06T00:17:00.000+08:00LP, thanks for taking time to share your thoughtsi...LP, thanks for taking time to share your thoughts<BR/><BR/>i do agree with the need to have an open mind to explore opportunities. but i felt that it is with "reductionist mindset" / Platonicity that we could finally simplify decision making & not making our lives any messier.<BR/><BR/><I>Platonicity = "the focus on those pure, well-defined, and easily discernible objects like triangles, or more social notions like friendship or love, at the cost of ignoring those objects of seemingly messier and less tractable structures."</I><BR/><BR/>so do we not choose our social circles based on similarities of interests OR investment models based on objectives?<BR/><BR/>Anyway, i feel that ability to adapt is more useful than an attempt to fool around with randomness (since it's uncertain). :)Anonymousnoreply@blogger.com