Some ideas to keep coming often
Luxury Paradox : The more expensive something is the less likely you are to use it, so the relationship between price and utility is an inverted U. Ferraris sit in garages; Hondas get driven.
Morgan Housel • 100 Little Ideas
Preference Falsification: People lie about their true opinions and conform to socially acceptable preferences instead. In private they’ll say one thing. In public, they’ll say another.
Luxury takes time to be achieved and to be appreciated. Luxury cannot and must not move fast.
-Giorgio Armani
Non-linear outcomes could come if one can identify signal over noise but also weak signal over strong signal.
The solution to a mediocre life is focus.
Berkson’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
We create problems for ourselves by using static language (e.g. judgements) to capture a reality that is dynamic & ever changing — by mixing observations and evaluations
Depressive Realism : Depressed people have a more accurate view of the world because they’re more realistic about how risky and fragile life is. The opposite of “blissfully unaware.”
Morgan Housel • 100 Little Ideas
The feeling of clarity can be dangerously seductive. It is the feeling associated with understanding things. And we use that feeling, in the rough-and-tumble of daily life, as a signal that we have investigated a matter sufficiently. The sense of clarity functions as a thought-terminating heuristic