21–30 of 59 posts
Smart is how well your brain works. Education is the things your brain knows. Wisdom is the combination. Smart does not imply having knowledge.
The Wise Mind is the combination of the Logical Mind and the Emotional Mind.
I am not completely sure I believe that Black Magin Woman was first performed by Feetwood Mac [sic]. And I confess I have no idea what a stop side is. But apparently I was correct to guess that it does not have six sides. And I remain dubious that the Mona Lisa was painted by someone other than Leonardo.
Google will easily convince you of the first two. The last one is speculation.
The quiz reliably informed me that I am consistently underconfident.
The book 'How to measure anything' talks about how to improve your own calibration. From what I recall (it's been a while since I read it), the author recommended testing yourself to estimate a bunch of questions with numerical answers. For example: what's the height of the empire state building? You write down a range for each answer, trying to make the range narrow enough that you're just about 80% confident that t…
Job applicants for junior trading (market making) roles are often given similar questions. An example question might be: "Make me a market on the height of the empire state building." By this the interviewer means: what price would you buy at and what price would you sell at? So for example I might respond 1000/2000. which means I'm buying at 1000ft and selling at 2000ft. Presumably, I believe the true height is some…
The section 'The Adverse Selection Spread Component' says that dealers will set their bid/ask spreads to account for the information they will get when someone hits their bid or whatever. So they need to estimate the probability that their next trade is with an informed counterparty.
If that probability is high, then they'll quote a higher spread.
Conversely, if they are quoting for retail order flow, they may assume they're never dealing with informed counterparties, and can offer a tighter spread.
I am not completely sure I believe that Black Magin Woman was first performed by Feetwood Mac [sic]. And I confess I have no idea what a stop side is. But apparently I was correct to guess that it does not have six sides. And I remain dubious that the Mona Lisa was painted by someone other than Leonardo.
The stop sign question almost got me, though I was pretty sure it wasn’t six even before I glanced out the window at one.
Earlier quoted context omitted.
You can be smart, intelligent, and educated without being wise. In fact, it’s the norm.
I agree. I would say intelligence is what you have naturally, education is what you acquire in school, and wisdom is what you acquire through experience. These are not interchangeable.
Earlier quoted context omitted.
You can be smart, intelligent, and educated without being wise. In fact, it’s the norm.
I agree. I would say intelligence is what you have naturally, education is what you acquire in school, and wisdom is what you acquire through experience. These are not interchangeable.
For example, one could argue that a stop sign has ten sides and not eight because it is a physical object with a front and back. And if it has circular bolt holes for mounting to a post then you could also say it has many more sides than ten.
Earlier quoted context omitted.
You can be smart, intelligent, and educated without being wise. In fact, it’s the norm.
I agree. I would say intelligence is what you have naturally, education is what you acquire in school, and wisdom is what you acquire through experience. These are not interchangeable.
By three methods we may learn wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest.
I think anyone who has inhabited planet earth for more than 25-30 years or so starts to realize that most of people are either: 1. “Geniuses” of speculation and every topic under the sun (overconfident braggarts that make sweeping claims that are difficult to criticize because they are so general; such dreamers talk big but really have little expertise) 2. People that actually are “deep-knowledge” experts, but only i…