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100 Little Ideas
Impostor Syndrome : Fear of being exposed as less talented than people think you are, often because talent is owed to cumulative advantage rather than actual effort or skill.
Morgan Housel • 100 Little Ideas
Chronological Snobbery : “The assumption that whatever has gone out of date is on that account discredited. You must find why it went out of date. Was it ever refuted (and if so by whom, where, and how conclusively) or did it merely die away as fashions do? If the latter, this tells us nothing about its truth or falsehood. From seeing this, one
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System Justification Theory : Inefficient systems will be defended and maintained if they serve the needs of people who benefit from them – individual incentives can sustain systemic stupidity.
Morgan Housel • 100 Little Ideas
Hedonic Treadmill : Expectations rise with results, so nothing feels as good as you’d imagine for as long as you’d expect.
Morgan Housel • 100 Little Ideas
Weasel Words : Phrases that appear to have meaning but convey nothing tangible. “Growth was solid last quarter,” or “Many people believe.”
Morgan Housel • 100 Little Ideas
Cobra Effect: Attempting to solve a problem makes that problem worse. Comes from an Indian story about a city infested with snakes offering a bounty for every dead cobra, which caused entrepreneurs to start breeding cobras for slaughter.
Morgan Housel • 100 Little Ideas
Hanlon’s Razor: “Never attribute to malice that which can be adequately explained by stupidity.”
Morgan Housel • 100 Little Ideas
Behavioral Inevitability : “History never repeats itself; man always does.” – Voltaire
Morgan Housel • 100 Little Ideas
Anscombe’s Quartet : Four sets of numbers that look identical on paper (mean average, variance, correlation, etc.) but look completely different when graphed. Describes a situation where exact calculations don’t offer a good representation of how the world works.