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While many countries are in lockdown some books I would recommend (especially relevant now)
- Selfish Gene by @RichardDawkins
- Fooled By Randomness, Blackswan, Antifragile, Skin in the Game by @nntaleb
- Guns, Germs and Steel by Jared Diamond (also Collapse by same author) ..
- Sapiens, Homo Deus, 21 Things for 21st Century by Yuval Noah Harari
- The Fourth Turning by William Strauss and Neil Howe
Adding this book - science fiction and reveals a lot about contemporary China - trilogy by Cixin Liu (translated by Ken Liu)
Three Body Problem, Dark Forest, Death’s End.

Physics, Society, economics, and basically brilliant imagination
Can’t travel around the world? But want to explore

Read ‘Adventures of TinTin’ and ‘Asterix the Gaul’ ... great comic book sets
And also ‘Yuganta’ by Irawati Karve
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Nirav Kanodra
@niravstoons
Lot of people are calling for a closing of stock markets too.
I think its a terrible idea in an emerging market like India.

These are my thoughts why ... 🧵
1. India has a large % of Foreigners (FPI or Foreign Portfolio Investors) invested in the market.
India depends on foreigners buying its asset to fund for its net imports.

If they cant sell, it creates a red flag and will be dropped from Stock Benchmarks like MSCI
2. If there is no good news between closing of the market and reopening - the market just gaps down lower. This actually increases the Volatility and 'Value At Risk' - this VaR shock makes people believe that its riskier and hence invest less in India
Read 11 tweets
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Nirav Kanodra
@niravstoons
Saturday night self quarantine thoughts on the 2 crisis in 2008 and 2020 and how well the world was prepared in between ...

From #GFC to #covid19
2008 was a shock due to excessive household debt in the US, and excessive risk taking by under capitalised shadow banks (broker dealers like Lehman which werent deposit taking institution but pure investment banks)
The bigger issue was interconnected ness of the financial system
Banks, Mortgage Finance Companies (Ginnie Mae, Fannie Mae, Freddy Mac) in the US along with insurers were too big to fail #TBTF and when the credit markets froze the whole world got a shock ...

Since then a lot of rules have changed and many countries have reacted differently
Read 17 tweets
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Nirav Kanodra
@niravstoons
Thread on #GameTheory #prosonersdilemma and #Oil prices #OPEC #OPEC+ #Shale
OPEC was formed in the 1970s and the cartel could control prices - because the global economy runs on oil, and bulk of the reserves were in the Middle East.

They figured out, Oil Demand is inelastic. People have to buy no matter what price. It’s the most dense form of energy.
Price Elasticity if Demand in the short run was 8x.

1% cut in Oil production would lead to 8% rise in price.

But if prices are too high, then people start saving energy and demand falls.
Read 37 tweets

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Tedros Adhanom Ghebreyesus
@DrTedros
To slow the spread of #COVID19, many countries introduced "lockdown" measures. But on their own, these measures will not extinguish epidemics. We call on all countries to use this time to attack the #coronavirus.
You've created a 2nd window of opportunity.
Aggressive measures to find, isolate, test, treat & trace are not only the best & fastest way out of extreme social & economic restrictions – but also to prevent them. This is especially relevant for many countries with vulnerable health systems. #COVID19
Although we're especially concerned about vulnerable countries, all countries have vulnerable populations, incl. older people. They carry the collective wisdom of our societies & we need to work together to protect them from the #coronavirus & to ensure their needs are being met.
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Filomena Rocha
@Filomen03258997
44. The Legacy of US, UK, France, Israel, Saudi Arabia, Turkey, Bahrain, Canada, Qatar, United Arab Emirates, Germany, Belgium, Netherlands, Australia, Jordan, Nato in Syria
#RegimeChange #FakeNews #FalseFlag #terrorism #SyriaInvasion #WarCrimes #CrimesAgainstHumanity
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Read 468 tweets
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Gaurav Sharma
@Gaurav1105
1/n: “Everything gains or loses from volatility. Fragility is what loses from volatility and uncertainty.”

Had 4-5 uninterrupted flight hours this Friday. Re-read #Antifragile by @nntaleb. So here’re some nuggets/quotes/insights from one of my favorite books. #TweetThread 👇🏼
2: Some things seem to improve if they are placed in environments of volatility and unpredictability. ‘Antifragile’ analyzes why this is the case. It suggests that this quality has been vital for the progress of human civilization since ancient times.
3: Taleb describes that something is antifragile when it gets better with chaos, disorder, and time whereas anything fragile hates volatility.

Nature is the ultimate example of something antifragile as it can adapt and gets stronger with difficult times.
Read 48 tweets
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Nassim Nicholas Taleb
@nntaleb
The real difference in politics isn't the "right" vs "left" gradation but rather "Greek" vs "Roman".

+ Greek = puts theory above practice
+ Roman= puts practice above theory

Be Roman. Now.
BTW, Byzantines were diehard Roman. Greek was just a language.
Many have the illusion that builders used Euclidean geometry. We are lucky they didn't: Euclidean geometry only entered architecture in modern times ...causing the ugly nonfractal structures we have today.

#Antifragile: how academics lie abt role of theory: they WRITE history.
Read 6 tweets
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Douglas Craig
@Douglas9162
A thread on things I took/learnt from @RayDalio's book "Principles" (~150 things)
1- Line 2 of book - “I’m a ‘dumb shit’ who doesn’t know much relative to what I need to know. Whatever success ive had in life has had more to do with my knowing how to deal with my not knowing anything I know”
2- “The most important thing I learned is an approach to life based on principles that help me find out whats true and what to do about it”
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