Some ideas to keep coming often
The solution to a mediocre life is focus.
The world may makes sense at times and at times it can be confusing. When it is confusing, your model of the world is wrong or you lack some frames. So, things that don’t make sense are a learning opportunity. Big opportunities won’t make sense until it’s too late to profit from them.
Take on Intellectual risk to do anything meaningful. Financial risk in the end gives hollowness of a kind. Intellectual freedom and risk taking should be basis for financial freedom and risk taking
Double Thank You moment : How many times have you paid $1 for a cup of coffee and after the clerk said, "Thank you," you responded, "Thank you"? There's a wealth of economics wisdom in the weird double thank-you moment. Why does it happen? Because you want the coffee more than the buck, and the store wants the buck more than the coffee. Both of you
... See moreBerkson’s Paradox : Strong correlations can fall apart when combined with a larger population. Among hospital patients, motorcycle crash victims wearing helmets are more likely to be seriously injured than those not wearing helmets. But that’s because most crash victims saved by helmets did not need to become hospital patients, and those without
... See moreMorgan 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.
Morgan Housel • 100 Little Ideas
- Do fewer things. 2. Work at a natural pace. 3. Obsess over quality.
Cal Newport • Slow Productivity: The Lost Art of Accomplishment Without Burnout
The small subset of the world that an animal is able to detect is its umwelt. The bigger reality, whatever that might mean, is called the umgebung.The interesting part is that each organism presumably assumes its umwelt to be the entire objective reality “out there”.