Human Behavior
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Human Behavior
The Obstacle Is the Way: The Timeless Art of Turning Trials into Triumph
Ryan Holiday • 6 highlights
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Extraordinary Popular Delusions and the Madness of Crowds (Illustrated Edition)
Charles Mackay • 2 highlights
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via Rory Sutherland: Humans don’t always maximize utility. We have two inbuilt modes: habit (do what I’ve done before) and social copying (do what others do).
Because most people are more emotional than logical, they tend to overreact to short-term results; they give up and sell low when times are bad and buy too high when times are good. I find this is just as true for relationships as it is for investments—wise people stick with sound fundamentals through the ups and downs, while flighty people react
... See moreRay Dalio • Principles: Life and Work
