Johanna

What the Fed is actually trying to do here—as opposed to the story it’s telling about what’s happening in the economy—is clear, yet extremely difficult: It is trying to destroy demand just enough to reduce excess inflation but not so much that the economy crashes. This a little bit like trying to tranquilize a raging grizzly bear with experimental... See more

The general understanding of replication is slightly less extreme. To most researchers, replication is when one group of scientists at a major university reproduce the work of another group of scientists at a different major university. There’s also a minority position that replications should be done by many labs, that replication is an internal... See more

For centuries, progress was stalled because inventors were all trying to create multi-person four-wheeled carriages, rather than single-person two-wheeled vehicles. It’s unclear why this was; certainly inventors were copying an existing mode of transportation, but why would they draw inspiration only from the horse-and-carriage, and not from the... See more

But consider this: Do you know anyone who doesn’t have any blind spots? I strongly doubt it. Then why would you be any different? As Dalio makes clear, you must be active in the process of open-mindedness: It won’t happen by accident.

I highly recommend using lists. I make lists of what I want to accomplish each year, each month, and each day. Lists are very focusing, and they help me with multitasking because I don’t have to keep as much in my head. If I’m not in the mood for some particular task, I can always find something else I’m excited to do.

What they want younger people to know is this: life is short. The older the respondent, the more likely to say that life passes by in what seems like an instant. They say this not to depress younger people, but to get them to be more aware and selective about how they use their time. Older people practice what psychologists call ‘socioemotional... See more

Anything meaningful takes five years to do, whether that’s getting a company off the ground or mastering a skill.If we start working at 20, that’s 60 productive years — or 12 five-year blocks to do new things, then move on.Instead of living one life or career, why not live a dozen instead?This ebb and flow of interest and desire feels natural to... See more

If you want to determine beyond a shadow of a doubt whether someone’s going to be a great hire, give them an audition project — even before having them speak to other employees on your team. I’m not talking about a generic, abstract problem. I’m talking about a real world, honest-to-God unit of work that you need done right now today on your actual... See more