What this exercise shows students is that just because you have looked at something doesn’t mean that you have seen it. Just because something is available instantly to vision does not mean that it is available instantly to consciousness. Or, in slightly more general terms: access is not synonymous with learning. What turns access into learning is... See more
Briefly: a flow is any change over time, and a stock is the accumulation of flows. So your refrigerator's stock of food is fairly constant over time, but this consists of flows in when you shop, and flows out when you eat. The value of a business (the stock) is the value of existing assets plus future free cash flows.1 But wait! That value is... See more
"You can choose to sleepwalk through life and accept the path that's been laid out for you. You can choose to accept the world as it is. But you don't have to. If there's something in the world you feel is wrong, and you have a vision for what a better world could be, you can find your guiding principle, and fight for a cause."One of the best talks... See more
There 2 ways your brain remembers things: One is countless repetition. And the other is if the event is highly emotional. This is science. This is why you are able to remember your first kiss so well, even though that moment occurred only once. This is the reason why you're able to remember that one time you almost died. It's also the reason why... See more