I know a few things, but I still got a lot to learn.

Often during busy days, breathing becomes shallow, using only the top part of the lungs. But the best oxygen exchange happens at the bases of your lungs.

“[...] I am quite the fan of Professor Randolph Nesse’s theory of depression. Nesse and his colleagues speculate that depression could act as a biological constraint system that helps to minimise wasted effort and loss by forcing the individual to slow down, reassess, and potentially change strategies.”

“If you have a dumb incentive system, you get dumb outcomes.” The late Charlie Munger was endlessly quotable, but this pearl of pith from the famed investor is one that every manager should remember.

There are plenty of dumb examples to choose from. Some are apocryphal: the Soviet nail factory that produced a single, uselessly gigantic nail to meet... See more