Monthly Archives: April 2012

Lawrence of Arabia…

Lawrence of Arabia or Meyer Lansky
Another argument in the Political Philosophy sectionIf you ever have to chose between a mobster and a civil servant, go with the mobster. Any time. Institutions do not have a sense of honor, individuals do.During the Great war, T.E. Lawrence, nicknamed Lawrence of Arabia struck a deal with the Arab desert tribes to help the British against the Ottoman empire, against his promise to deliver to them an Arab state. As they did not know better, they delivered on their side of the bargain. But, it turned out, the French and British governments had a secret agreement made in 1916, the Sikes–Picot agreement to divide the area between themselves. After the war, Lawrence went back to live in the U.K., supposedly in a state of frustration, but, of course, not much more. But it left us with a good lesson: never trust the words of a man who is not free.
Now on the other hand, a mobster greatest asset is the designation “his word is gold”. It was said that “A handshake from the famous mobster Meyer Lansky was worth more than the strongest contracts that a battery of lawyers could put together” In fact he held in his mind assets and liabilities of the Sicilian mafia, and was their bank account, without a single record. Just his honor.
As a trader I never trusted transactions with “representatives” of institutions; pit traders are bound by their bonds, and I’ve never known a single self-employed trader over a two-decades long career who did not live up to his handshake.

via Lawrence of Arabia… | Facebook.

How Poetry Can Kill…

How Poetry Can Kill You [Chapter on SKIN IN THE GAME]

Ask a polyglot who knows Arabic who he considers the best poet —in any language— and odds are that he would answer Almutanabbi who lived about a thousand years ago; his poetry in the original has a hypnotic effect only rivaled by the grip of Pushkin on Russian speakers. The problem is that Almutanabbi knew it; his name was literally, “he who thinks about himself as a prophet”, on account of his perceived large ego. For a taste of his bombast, one of his poems informs us that his poetry is so potent “that blind people can read it” and “deaf people can listen to it”. Well, Almutanabbi walked the walk —a rare case of a poet with skin in the game, dying for his poetry.
For in the same egotistical poem, Almutanabbi boasts, in a breathtaking display of linguistic magic, that in addition to being the most imaginably potent poet —which I insist he was – he knew “the horse, the night, the desert, the pen, the book” —and thanks to his courage got respect from the lion.
Well, the poem cost him his life. For Almutanabbi had —characteristically— vilified a desert tribe in one of his poems and they were out to get him. They reached him as he was traveling. As he was outnumbered, he started to do the rational thing and run away, without shame, except that one of his companions started reciting “the horse, the night…” back at him. He turned around and confronted the tribe to his certain death. Thus Almutanabbi stays, a thousand years later, as the poet who died simply to avoid the dishonor of running away and when we recite his verses we know they are genuine.

via How Poetry Can Kill… | Facebook.

Fragile PM is no Thatcher, blasts Black Swan author who said Cameron would ‘save planet’ | Mail Online

The economic guru who once hailed David Cameron as ‘the best thing we have left on this planet’ now claims he is a ‘fragile’ leader who has failed to live up to his promise.

Nassim Taleb said the Prime Minister lacked Margaret Thatcher’s bravery and was ‘afraid’ to take difficult decisions.

And in a rude put-down, the man who only three years ago revered Mr Cameron, and has visited No 10 to advise him, said: ‘He p—– me off.’

via Fragile PM is no Thatcher, blasts Black Swan author who said Cameron would ‘save planet’ | Mail Online.

Video! Nassim Taleb at Princeton April 10, 2012

Economic Recovery: Perils, Politics and Possibilities

Click Video to watch larger version on YT.

About Woodrow Wilson School of Public and International Affairs
The Woodrow Wilson School of Public and International Affairs at Princeton University seeks to prepare its students for careers in public service, to provide them with the analytic tools and practical experience necessary to face the most serious policy challenges of the 21st century. The School’s undergraduate and graduate curricula are designed to train individuals to create, implement, analyze, and interpret public policy in both the domestic and international spheres.

What a treat! HatTip to Jonc for the heads up that the video was live.