A one-sheet on posture toward the people around you The principle, and its known failure Jon Postel wrote it for computers talking to each other: send strictly correct output, accept anything you can reasonably interpret. It let a fragile early internet work despite everyone's software being slightly wrong. Engineers later turned against it. Broken implementations … Continue reading Be Conservative in What You Send, Liberal in What You Receive
Tag: systems thinking
The Difference Between Being Tested and Being Watched
In the autumn of 1998, a hedge fund called Long-Term Capital Management lost roughly $4.6 billion in about four months and had to be unwound by a consortium of banks assembled at the Federal Reserve's request, for fear its collapse would take the rest of Wall Street down with it. The fund's principals included two … Continue reading The Difference Between Being Tested and Being Watched
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