Thread by @DrDamluji

Re: ideas on #risk, #prediction, #data, and #life, which were inspired by a #random phone call during a break from classes @NYUStern:

Short thread below 👇🏻

@nntaleb

1 The information you have is not the information you want.

2 The information you want is not the information you need.

3 The information you need is not the information you can obtain.

4 The information you can obtain costs more than what you want to pay!

*Many examples exist on this paradox in predicting risk and hedging against the unknown!