A puzzle has well-defined rules and a single solution, and we know when we have reached that solution. Puzzles deliver the satisfaction of a clear-cut task and a correct answer. Even when you can’t find the right answer, you know it exists. Puzzles can be solved; they have answers. But the solutions may be difficult to find.
Trust, though, is an immensely socially useful technology. Human civilization has a fundamental limitation in that all humans can be trivially killed while sleeping. Huge portions of society’s efforts go toward establishing conditions where this trivial vulnerability virtually never gets exploited. God has, reportedly, closed all bug reports... See more
A symbol, in its simplest form, is an object that stands for another object, giving it an arbitrary association. In this way, a symbol is a sign that has acquired a conventional meaning through habitual use.
So much of what matters in investing – this is true for a lot of things in life – is how you manage the psychology of uncertainty. The problem with looking back with hindsight is that nothing is uncertain. You think no one had anything to worry about, because most of what they were worrying about eventually came to pass.
To be a good delegator, first you have to be a systems thinker . Systems thinking consists of understanding how events, behaviors, tasks, problems etc. relate and how they can prevail and sustain over time.