1-2i Brandolini’s Law (the Bullshit Asymmetry Principle)—the amount of energy needed to refute bullshit is an order of magnitude bigger than that needed to produce it

“Culture, more than rule books, determines how an organization behaves. If you have a good culture, you can make the rules pretty simple. It has to be consistent, lived, be followed, and rewarded when followed and punished when not. It’s much easier to inherit a culture, and it’s easier in small firms.” – Warren Buffett

Great culture must understand Brandolini’s Law and fight it.revisit

Related:

• Why error-correction occurs en masse (i.e., market crash)
  • “I’d rather be wrong in a group” psychology
    • 3-1c3c4.3 “Be fearful when others are greedy and be greedy only when others are fearful”
• As Michael Burry points out, more easy memes emerged out of the information explosion, making Mr. Market more extreme (i.e., market moves faster and are more erratic)
  • 1-1a5b4.4 Real-time calibration (i.e., recalibration) lets you adapt to the changing landscape
  • 2-1a3.1 ‘Feedback loops’ - Iterate. The more and quicker the better.
  • 2-1a7a6 Mr. Market is there to serve me, never to guide me
  • 13-1a3a1e Money puts back memes to the game genes were playing—to the game of survival
  • 13-1a3a1g Knowledge via memes doesn’t grow without money
• Knowledge is resilient
  • 3-1c3c4.2 “Whenever you find yourself on the side of the majority, it is time to pause and reflect”
  • 5-2c2b0.2 You need resilience against volatility (i.e., Stoic robustness)
• The farther away from the source, the harder it is to verifyrevisit
  • 1-1a2e11 Nothing objectively represents the represented
  • 1-2g2q1 Science is about independent replication. Only trust as scientific truth what can be independently verified-replicated.
  • 2-1a3 ‘Seeing the front’ - Incorporate what can’t be explicated
  • 2-1a7a5 Build day by day unless anything fundamental (‘the core’) changed. Superficial-uncontrollable criteria (e.g., share price) matter less.
  • 3-1c3a2 情報の起源に触れることは物理的に不可能
• Why smaller group’s consensus tends to be closer to truth than larger one
  • 2-1a0c1d1 Focus on the few variables
• 5-3e Matt Ridley - ‘Knowledge is both a public good and a temporarily private one. Knowledge is expensive to produce, but can sometimes pay for itself.‘
• 10-2g1f Imitation = limitation (imitation has limitation)