Gustavo Ballvé on June 28th, 2011
Food for thought, Home, Mental models, Portfolio Management, Risk management

The Farnam Street blog has a great post today on “great books” – what this used to mean to the author, what it does now, and how to deal with the unread – the things you realize you don’t know yet and probably should. The exercise is a very interesting one, almost on a daily basis: what don’t we know that would be of the best possible use – and how to best seek out this knowledge? What do we know that isn’t helping or, worse, is actually getting in the way of achieving some sort of knowledge about what we need to know? And how does this evolve over time given one’s experiences and associations – are we to just go with the flow or should we proactively seek to close perceived gaps with some sort of strategic plan? We were immediately reminded of Umberto Eco’s Anti-Library, as described by Nassim Taleb in his book The Black Swan. Finally and while very different from the anti-library concept, we were also reminded of a post we wrote about anti-portfolios a while ago. As recognizing what you don’t know is an exercise in humility, so is recognizing and learning from one’s mistakes.

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