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
“You waste years by not being able to waste hours" - Amos Tversky
Morgan Housel • 100 Little Ideas
Days that are rushed = Days that suck
Your mind is for getting ideas not holding ideas
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
System Justification Theory : Inefficient systems will be defended and maintained if they serve the needs of people who benefit from them – individual incentives can sustain systemic stupidity.
Morgan Housel • 100 Little Ideas
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%.
Morgan Housel • 100 Little Ideas
A Change in Perspective Is Worth 80 IQ Points