Risk does not lie in probability of event, but in optionality. Risk should not be evaluated on rationality, but optionality, meaning on heuristic calculation of gains and loses which are in complex environment always asymmetrical. Lessons given by Nassim Nicholas… Continue Reading
I like Quora very much. People ask questions there. Since we all know that there are no stupid questions but only stupid answers, I tend to interact from time to time even in cases when my initial sense urges me… Continue Reading
Sweatpants in urban environment are one of malign symptoms generated from permissive western culture. Continue Reading
Humans should be understood as quantum entities at last. Continue Reading
There is no administrator that would or could administer global digital memory. Continue Reading
Contrary to general impression it is not so difficult to explain the emergence and the function of god in human history. We can easily disregard god as a kind of pre-scientific concept, but we cannot but to accept the role… Continue Reading
It looks like after Richard Thaler won this year’s Nobel prize for economy, Milton Friedman’s neoclassical economics is finally proven to be wrong. What a relief for all that never red neither Von Mises, Hayek, Friedman nor Thaler. It is… Continue Reading
Responsibility does not come with equality. Continue Reading
What has famous Milton Friedman pencil case to do with circular economy and integrated reporting, this is a topic of this post. Milton Friedman “pencil case” can be found in his book “Free to Choose”. Shorter but explanatory enough version… Continue Reading
Circular economy is not fake news but fake trend. Why? Because the concept that attracts such wide public attention is nothing but cleverly designed mask for “consultants” craving for collective funds (state budgets). So far I have explained the scam… Continue Reading