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underscored

@underscored

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The universe is under no obligation to make sense to you. But stranger still is the fact that it does — partially, provisionally, and always at the cost of uprooting what we thought we already knew.

— Loren Eiseley, The Firmament of Time (1960)
3d ago

Risk means more things can happen than will happen. The dangerous investor is not the one who doesn't know what will happen, but the one who doesn't know what he doesn't know.

3d ago

The true paradox of human existence is that we are condemned to be free; we are forced to choose, and yet there is no certain ground on which to base our choices.

3w ago

The human mind is like a flashlight in the dark. It illuminates a small circle of the world around us, but beyond that circle lies an infinite darkness that we can never fully penetrate.

3w ago

We do not know what we may be able to do until we try, and we can never be certain beforehand that an experience is worth having until we have had it.

3w ago
themarginalian.org
The Wildest Bet Is the Winning Bet

We place life's bets by countless calculations of probability, conscious and unconscious, only to discover over and over how short they fall of the wildest reaches of the possible, which always includes but exceeds the probable. It helps to remember that we ourselves are children of improbability, that everything we treasure exists not because it had to, not because it was likely or necessary, but because the universe took a gamble against the staggering odds otherwise.

1mo ago

The difference between a wise decision and a foolish one is often not apparent until years later. What matters is having a systematic way to think about decisions, not the outcome of any single one.

1mo ago

The investor of today does not profit from yesterday's growth. It is the always-uncertain future growth upon which the investor must capitalize, and it is those who will profit who must pay the delicate task of correctly appraising such uncertain future.

1mo ago
ftav
It's quiet. Too quiet

But it is hard to find much sign that it is doing so. And Gillian Tett: [I]nvestors need to get better at imagining — and pricing — once-unimaginable disasters. This is hard. No business school teaches students how to model something like a presidential threat to wipe out a civilisation.

1mo ago
stratechery.com
2026.14: Apple, Acceleration, and AI

This wasn't just a podcast about Apple, but about how tech has changed over the last fifty years, and why AI makes even the most reliable narrators of history increasingly uncertain about the future.

2mo ago
asteriskmag.com
Merchants of Certainty

We can't predict the full impact of climate change. Why did the climate movement stop pushing the world to accept this fact and start trying to deny it?

2mo ago

Underscored — save the words that stop you in your tracks.

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