Quotes About Control

We attribute our successes to our skills, and our failures to external events outside our control, namely to randomness. We

Light control works; close control leads to overreaction, sometimes causing the machinery to break into pieces. In a famous paper "On Governors," published in 1867, Maxwell modeled the behavior and showed mathematically that tightly controlling the speed of engines leads to instability.

When you spend time of the bridge of a ship or in a coxswain's station with a large compass in front, you can easily develop the impression that the compass is directing the ship rather than merely reflecting its direction.

To my knowledge there are no studies investigating the exact properties of trader's burnout, but a daily exposure to such high degrees of randomness without much control will have physiological effects on humans

The best slave is someone who is overpaid and he knows it

Karl Marx, un visionario, entendió que podemos controlar mejor a un esclavo convenciéndolo de que es un empleado.

Remember that nobody accepts randomness in his own success, only his failure

The best slave is someone you overpay and who knows it, terrified of losing his status.

the behavior of the total is dictated by the preferences of a minority.

We have always been crazy but weren't skilled enough to destroy the world. Now we can.

things are starting to be brought under control today;

The wealth process is dominated by winner-take-all effects. Any form of control of the wealth process—typically instigated by bureaucrats—tends to lock people with privileges in their state of entitlement. So the solution is to allow the system to destroy the strong, something that works best in the United States.

threats of the dagger-by-your-bed variety are even better for bloodless control.

It is a very powerful manipulation to let others win the small battles.

Beware of precise plans by government. Let government predict: it makes them feel better about themselves and justifies their existence.

I am convinced of that after spending almost all my adult and professional years in a fierce fight between my brain (not Fooled by Randomness) and my emotions (completely Fooled by Randomness) in which the only success I've had is in going around my emotions rather than rationalizing them.

the more complex the regulation, the more bureaucratic the network, the more a regulator who knows the loops and glitches would benefit from it later

The incentive of a regulator is to have complex regulation. Again, the insiders are the enemies of the less-is-more rule.

Our emotions are not designed to understand the point. The dentist did better when he dealt with monthly statements rather than more frequent ones. Perhaps it would be even better for him if he limited himself to yearly statements. (If you think that you can control your emotions, think that some people also believe that they can control their heartbeat or hair growth.)

you can control a slave much better by convincing him he is an employee.

Thus they become easily prone to manipulation by lobbyists

Nobody accepts randomness in his own success, only in his failure.

The difference between technology and slavery is that slaves are fully aware that they are not free.

when something is in relation to something else, that something else can be manipulated.