"It is better to be approximately right, than precisely wrong"
— Warren Buffett
now the challenge for Prince Aleph (npub1xy6…8w7v) is to understand how it relates to our mini feud about precise definition of hyper inflation.
all right i am going to help him. you need to get the principles right before worrying about numbers. if you're fundamentally measuring the wrong things it doesn't matter how precisely you're measuring them.
when i came to America i noticed Americans have an unhealthy obsession with numbers. for example in America often a person's age is listed as a number next to his name - we never had that in Soviet Union.
Americans compensate for their total inability to do any kind of math ( compared to Russians ) by trying to put numbers on everything for no reason.
"United Kingdom enters recession" then 3 days later "United Kingdom exists recession" ... what changed ? NOTHING. it's just that there is some arbitrary number that shows when a country is a recession and it flips by 0.0001% within 3 days and that makes the news ... even though that number doesn't measure anything relevant at all.
I had to take Linear Algebra, Multivariable Calculus and Differential Equations for my dual major in Electrical and Computer Engineering at NYU but i rarely bother looking at numbers because they are almost always irrelevant.
it's the principles that matter. numbers are not substitute for understanding.
( as you can see Prince Aleph (npub1xy6…8w7v) has managed to get under my skin LOL )
Dissident Sound
npub1ns…2cgnl
2024-11-12 00:33:02
Author Public Key
npub1nshq4pcyzdmnewg4h8yu6tsuh5t72whzkz5x4wj7t0c0cy7yyrfqq2cgnlPublished at
2024-11-12 00:33:02Event JSON
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"content": "\"It is better to be approximately right, than precisely wrong\"\n\n— Warren Buffett\n\nnow the challenge for nostr:npub1xy60n57p02ugl743zfag2ljftxh4s0ufpzu0wsmhdvng7hj5c0vqvx8w7v is to understand how it relates to our mini feud about precise definition of hyper inflation.\n\nall right i am going to help him. you need to get the principles right before worrying about numbers. if you're fundamentally measuring the wrong things it doesn't matter how precisely you're measuring them.\n\nwhen i came to America i noticed Americans have an unhealthy obsession with numbers. for example in America often a person's age is listed as a number next to his name - we never had that in Soviet Union.\n\nAmericans compensate for their total inability to do any kind of math ( compared to Russians ) by trying to put numbers on everything for no reason.\n\n\"United Kingdom enters recession\" then 3 days later \"United Kingdom exists recession\" ... what changed ? NOTHING. it's just that there is some arbitrary number that shows when a country is a recession and it flips by 0.0001% within 3 days and that makes the news ... even though that number doesn't measure anything relevant at all.\n\nI had to take Linear Algebra, Multivariable Calculus and Differential Equations for my dual major in Electrical and Computer Engineering at NYU but i rarely bother looking at numbers because they are almost always irrelevant.\n\nit's the principles that matter. numbers are not substitute for understanding.\n\n( as you can see nostr:npub1xy60n57p02ugl743zfag2ljftxh4s0ufpzu0wsmhdvng7hj5c0vqvx8w7v has managed to get under my skin LOL )",
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