Some ideas to keep coming often
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
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 moreEmbed future in today. Action bias in here and now. And weave time to unleash compounding. Small steady steps in right direction
Behavioral Inevitability : “History never repeats itself; man always does.” – Voltaire
Morgan Housel • 100 Little Ideas
Gambler’s Conceit : People hooked on a risky behavior (e.g. gambling, smoking) reassure themselves they’ll be able to quit while ahead (before bankruptcy, lung cancer). However, their future-self tends to act a lot like them, so if they can't quit now, they likely won't quit later when they’re even deeper in.
Dunning-Kruger Effect : Knowing the limits of your intelligence requires a certain level of intelligence, so some people are too stupid to know how stupid they are.
Morgan Housel • 100 Little Ideas
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.
Nuance matter.
A principle isn’t a principle until it costs you something.
- Bill Bernbach