Rationality Quotes Thread November 2015

elharo

Another month, another rationality quotes thread. The rules are:

Please post all quotes separately, so that they can be upvoted or downvoted separately. (If they are strongly related, reply to your own comments. If strongly ordered, then go ahead and post them together.)
Do not quote yourself.
Do not quote from Less Wrong itself, HPMoR, Eliezer Yudkowsky, or Robin Hanson. If you'd like to revive an old quote from one of those sources, please do so here.
No more than 5 quotes per person per monthly thread, please.
Provide sufficient information (URL, title, date, page number, etc.) to enable a reader to find the place where you read the quote, or its original source if available. Do not quote with only a name.

Another month, another rationality quotes thread. The rules are:

Please post all quotes separately, so that they can be upvoted or downvoted separately. (If they are strongly related, reply to your own comments. If strongly ordered, then go ahead and post them together.)
Do not quote yourself.
Do not quote from Less Wrong itself, HPMoR, Eliezer Yudkowsky, or Robin Hanson. If you'd like to revive an old quote from one of those sources, please do so here.
No more than 5 quotes per person per monthly thread, please.
Provide sufficient information (URL, title, date, page number, etc.) to enable a reader to find the place where you read the quote, or its original source if available. Do not quote with only a name.

Um, no. That is, to put it politely, a naive view of what a financial crisis is. I can express it less politely if need be.

I know we kind of hate authority here, but the guy did work on wall street for a number of years, and has written his financial newsletter for years as well.

I feel like the quotes I've made recently have been taken less charitably than is usual here.

Anyway, with this particular claim, I think it's meant more as a simplistic view that gets at some truth versus something that's always true, in which case that might be naive (although you didn't provide any counterexamples).

1PhilGoetz11y

The quote isn't supposed to define financial crisis. It's claiming that a financial crisis isn't called a crisis if the people who lose money are unpopular. Though I read the link and still don't know what people Matt's thinking of.