Tag Archives: Human Folly

People weave a web of meaning, believe in it with all their hearts, but sooner or later the web unravels, and when we look back we cannot understand how anybody could have taken it seriously

— Yuval Noah Harari That’s how history unfolds. People weave a web of meaning, believe in it with all their heart, but sooner or later the web unravels, and when we look back we cannot understand how anybody could have taken it seriously.”

After buying a farm, would a rational owner next order his real estate agent to start selling off pieces of it whenever a neighboring property was sold at a lower price? Or would you sell your house to whatever bidder was available at 9:31 on some morning merely because at 9:30 a similar house sold for less than it would have brought on the previous day?

— The Essays of Warren Buffett p. 103 After buying a farm, would a rational owner next order his real estate agent to start selling off pieces of it whenever a neighboring property was sold at a lower price? Or would you sell your house to whatever bidder was available at 9:31 on some morning …