fun facts for the next time someone asks
McNamara Fallacy : A belief that rational decisions can be made with quantitative measures alone, when in fact the things you can’t measure are often the most consequential. Named after Defense Secretary McNamara, who tried to quantify every aspect of the Vietnam War.
Morgan Housel • 100 Little Ideas
Tom Whitwell • 52 things I learned in 2024
Tom Whitwell • 52 things I learned in 2024
Hanlon’s Razor: “Never attribute to malice that which can be adequately explained by stupidity.”
Morgan Housel • 100 Little Ideas
Tom Whitwell • 52 things I learned in 2024
Tom Whitwell • 52 things I learned in 2024
Buridan’s Ass : A thirsty donkey is placed exactly midway between two pails of water. It dies because it can’t make a rational decision about which one to choose. A form of decision paralysis.
Morgan Housel • 100 Little Ideas
Pareto Principle : The majority of outcomes are driven by a minority of events.
Morgan Housel • 100 Little Ideas
ltimately this whole theory amounts to an argument for breaking down the barriers that prevent people from understanding delicious food from other cultures. Europeans like sauerkraut—but kimchi is this weird foreign entity. They’re both salty, rotten cabbage! It shows you just how shallow human nature is, for someone to say, oh I’ll eat this but I’... See more