Chapters 09 & 10
Rolf's Points
(What's mentioned in the book)
Isaac Newton was a genius, but even he lost millions in the stock market
- Business Insider
A great example of inaccurate risk assessment:
You Are What You Read: Why Changing Your Media Diet Can Change the World by Jodie Jackson
Know your circle of competence and stick within it. The size of that circle is not very important; knowing its boundaries, however, is vital.
- Warren Buffet
Legendary Investor
I'm no genius. I'm smart in spots - but I stay around those spots.
- Tom Watson
Founder of IBM
Vale's Points
(What's supplemented when Vale was reading)
I used to watch documentaries on forensic investigation on civil engineering disasters like Seconds from Disaster and AirCrash Investigation and in those cases, there was always a strong emphasis on the notion that many other similar designs exist and are in use elsewhere around the world and hence the stakes are high. This is informative, as opposed to the personal stories of each person involved in a particular disaster or accident.