Some ideas to keep coming often
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.
“You waste years by not being able to waste hours" - Amos Tversky
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
Embed future in today. Action bias in here and now. And weave time to unleash compounding. Small steady steps in right direction
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.
Non-linear outcomes could come if one can identify signal over noise but also weak signal over strong signal.
Behavioral Inevitability : “History never repeats itself; man always does.” – Voltaire
Morgan Housel • 100 Little Ideas
We must expect to misunderstand. We must expect to be misunderstood. For sanity we must try to minimise misunderstanding.
Non-Ergodic : When group probabilities don’t apply to singular events. If 100 people play Russian Roulette once, the odds of dying might be, say, 10%. But if one person plays Russian Roulette 100 times, the odds are dying are practically 100%.