The bounded rationality of each actor in a system may not lead to decisions that further the welfare of the system as a whole.
~ Donella Meadows
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Category Archives: 0747 – Quote Unquote
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The increasing control of U.S. mass media by a mere handful of corporations has — rather counterintuitively — created a situation of extreme fragmentation, a kaleidoscope of information options.
~ David Foster Wallace
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Empathize with stupidity and you’re halfway to thinking like an idiot.
~ Iain Banks
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Happiness in intelligent people is the rarest thing I know.
~ Ernest Hemingway
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The surge of real investment now occurring in semiconductor manufacturing and data centers has been funded primarily by corporate profits and old-fashioned bonds, while the emergence of more speculative and exotically engineered arrangements among A.I. companies are already giving rise to concerns of a bubble. The financialized features of the American system are not what make our robust capital markets the envy of the world.
~ Oren Cass via The New York Times
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Over the past 50 years, American trust in the medical system has declined, as has trust in government, science, and expertise in general. The coronavirus pandemic exploded those trends, creating the world in which we now find ourselves. Public-health agencies did themselves no favors: They often gave out confusing and sometimes conflicting advice. Conspiracy theories grew quickly on social media, and measures such as masking became subject to partisan polarization.
~ Vann Newkirk via The Atlantic
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Where in the 1990s we had parties without politics, we now have politics without parties. This is the strange confluence I have termed hyperpolitics. For traditional political parties, the previous bedrock of Western political stability, it is a lethal tonic.
~ Anton Jäger via The New York Times
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Private equity is now underperforming an S&P 500 index fund over three-month, one-year, three-year, five-year, and 10-year periods. When a buyout firm does score big with one fund, there’s little to no correlation with the performance of its next fund.
~ Oren Cass via The New York Times
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We are that strange species that constructs artifacts intended to counter the natural flow of forgetting.
~ William Gibson
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One of the better measures of a society’s vitality is its ability to protect its citizens from disease, and the two often move in tandem; a decline in one may produce a reduction in the other,
~ Vann Newkirk via The Atlantic
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