implementation

even when that means performing poorly on tests of immediate progress. That is, the most effective learning looks inefficient; it looks like falling behind.

Creativity can be taught. It is just like another muscle—attention, self-control—that can be exercised and grow stronger with use, training, focus, and motivation. In fact, studies have shown that creativity is fluid and that training enables people to become more creative:

you don’t have to do the thought experiment, you just intuitively know how quickly you would mindlessly eat through the close one while the far one went untouched. All pressures exist along a spectrum. Availability isn’t black and white, and by adjusting the strength of the inhibiting pressure that is availability—that is, by putting M&M’s in y

Guessing at the contents of a person’s attic from his outward appearance becomes one of Sherlock’s surest ways of determining who that person is and what he is capable of.

Who has the right answers but I ignore because they’re not articulate?

Ironically it can’t figure out where to focus its attention. Because the way attention is done currently is static and processes all parts of the sequence simultaneously, rather than using multiple heuristics to be more selective and to reset the context dynamically, to try counterfactuals.

This is because attention as it measures isn’t really a mul

Liv Boeree said: “Intelligence is knowing how to win the game. Wisdom is knowing which game to play.”

We see three major questions an investor needs to consider.

1. Should they prefer long term assets or cash (Money Market Funds or Tbills)?




2. Should they prefer stocks to bonds when allocating to assets?




3. Should they prefer nominal or real future cash flows when allocating to assets?

Question 1 is answered by determining the direction (not the level) of risk

Someone taught us how to drive, and we might be called upon to teach someone else. If we are, we would be wise indeed to take up the challenge. When we talk something through to another person, break it down for his understanding, not only are we once again forced to pay attention to what we’re doing, but we might even see our own driving improving