this makes me very happy.
the Stones announced yesterday in the twittersphere Gary Clark Jr will join them tonight in boston.
so when you make a mistake, you should learn to take a deep breath, grit your teeth, and then examine your own recollections of the mistake as ruthlessly and as dispassionately as you can manage. it’s not easy. the natural human reaction to making a mistake is embarrassment and anger (we are never angrier than when we are angry at ourselves), and you have to work hard to overcome these emotional reactions. try to acquire the weird practice of savoring your mistakes, delighting in uncovering the strange quirks that led you astray. then, once you have sucked out all the goodness to be gained from having made them, you can cheerfully set them behind you, and go on to the next big opportunity. but that is not enough: you should actively seek out opportunities to make grand mistakes, just so you can then recover from them.
allman brothers band - whipping post
live @ the fillmore east, september 1970
musically, the composition was immediately noticeable for its use of 11/4 time signature in the introduction. as Gregg Allman later said:
I didn’t know the intro was in 11/4 time. I just saw it as three sets of three, and then two to jump on the next three sets with: it was like 1,2,3—1,2,3—1,2,3—1,2. I didn’t count it as 1,2,3,4,5,6,7,8,9,10,11. it was one beat short, but it didn’t feel one short, because to get back to the triad, you had two steps to go up.
you’d really hit those two hard, to accent them, so that would separate the threes.
…Duane said, ‘that’s good man, I didn’t know that you understood 11/4.’
of course I said something intelligent like, ‘what’s 11/4?’
Duane just said, ‘okay, dumbass, I’ll try to draw it up on paper for you.’”
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Groovy.
the video tells a familiar tale of the down side of love as Clark channels the frenzied spirit of Hendrix with a clawing guitar tone, and a singing style reminiscent of Voodoo Chile. hauling an electric guitar, amp and all, out to the side of a road, Clark posts on a classic Cadillac Fleetwood and cranks the blues - a perfect cure for the pain we all know too well.
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yikes
five attributes of bubble psychology that play into market manias:
- anchoring. we hear a number, and when asked a value-based question, even unrelated to the number, they gravitate to the value that was suggested. we hear gold at $1,500, and immediately in the aggregate we start thinking that $1,000 is cheap and $2,000 might be expensive.
- hindsight bias. we overestimate our ability to predict the future based on the recent past. we tend to over-emphasize recent performance in our thinking. we see a short-term trend in Bitcoin, and we extend that forward in the future with higher confidence than the data would mathematically support.
- confirmation bias. we selectively seek information that supports existing theories, and we ignore/dispute information that disproves those theories. (this also tends to explain most political issue blogs and comment threads.)
- herd behavior. we are biologically wired to mimic the actions of the larger group. while this behavior allows us to quickly absorb and react based on the intelligence of others around us, it also can lead to self-reinforcing cycles of aggregate behavior.
- overconfidence. we tend to over-estimate our intelligence and capabilities relative to others. seventy-four percent of professional fund managers in the 2006 study “Behaving Badly” believed they had delivered above-average job performance.
via.
