"...a stupid person causes damage to others while deriving no gain, or even possibly incurring losses. We invariably underestimate the number of stupid individuals in circulation as the probability that a certain person is stupid is independent of other characteristics or credentials (e.g., they can have a Ph.D. or be President). We (the non-stupid) are … Continue reading Identifying a Stupid Person
Category: lessons
Minorities vs. Majorities
"Today, as then, public opinion is the omnipresent tyrant; today, as then, the majority represents a mass of cowards, willing to accept him who mirrors its own soul and mind poverty. That accounts for the unprecedented rise of a man like [Teddy] Roosevelt. He embodies the very worst element of mob psychology. A politician, he … Continue reading Minorities vs. Majorities
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