Omne ignotum pro magnifico

For an introduction and background to this post, see Part 1 here . Remember, these aphorisms are randomly selected, so it's not about what I think are the most important ones from The Bed of Procrustes . (After I finish the book, I might give an update with my personal favorites. Update 09 Feb: Part 3 is now live.) That being said, let's proceed. *** 11. "Your reputation is harmed the most by what you say to defend it." (p. 11) When Bill Clinton denied having had sexual relations with Monica Lewinsky, he was probably trying to defend his reputation. Of course, it backfired when people found out he lied. Our intuition when faced with a sullying accusation is to try and take control of the situation, but the more we do so, the more people suspect that we have something to hide. Even if we come clean and apologize, the effect on our reputations may not be as we hoped for: studies show that when public figures apologize, some people in the audience are more pron

Book Review: Nassim Nicholas Taleb, "The Bed of Procrustes: Philosophical and Practical Aphorisms", Penguin Books, 2016. Today's post will be a bit different, since I'm writing about a unique book, The Bed of Procrustes. Unlike previous books by the author (see Fooled by Randomness  and The Black Swan ), this one is a short (fewer than 160 pages) "addendum" to the Incerto  consisting of various collected aphorisms. These poetic sayings, maxims or proverbs compress the author's ideas into a sentence or two, in a "show of bravado" (the author's own words). As Nassim Nicholas Taleb explains in the Postface: "You never have to explain an aphorism -- like poetry, this is something that the reader needs to deal with by himself. [...] Aphorisms require us to change our reading habits and approach them in small doses; each one of them is a complete unit, a complete narrative dissociated from others." (pp. 154-155). Nevertheless, t

It has been two years since I started this blog. In that time, I've published 42 posts and received over 13,000 page views (though I'm not sure how many of those are spam referrals...). This is a quick update on what I plan to write in the coming month(s): > I'm currently working on a summary/review of Nassim Nicholas Taleb's books Antifragile  and The Bed of Procrustes . After that I'll be taking a break from Taleb for a while. > For The Bed of Procrustes , I'm doing something different since the book is also... different. I'll be giving more of my own thoughts on the topic rather than mostly summarizing. > I am also reading Thaler and Sunstein's famous Nudge , which will of course be reviewed in due time.