Erdos on Nostr: “By and large, is the level in which you need to understand most things in order to ...

“By and large, is the level in which you need to understand most things in order to make effective decisions.

Whenever a big picture by in large statement is made and someone replies “not always” my instinctual reaction is that we’re probably about to dive into the weeds; that is a discussion of the exceptions rather than the rule and in the process we will lose site of the rule.

To help people at Bridgewater avoid this time-waster, I often repeat this coined phrase: When you ask someone whether something is true and they tell you that it’s not totally true, it’s probably by in large true.”

- Ray Dalio