Prashant Patel
@samtrish
Prashant Patel
Double Thank You moment : How many times have you paid $1 for a cup of coffee and after the clerk said, "Thank you," you responded, "Thank you"? There's a wealth of economics wisdom in the weird double thank-you moment. Why does it happen? Because you want the coffee more than the buck, and the store wants the buck more than the coffee. Both of you
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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
“Better to write for yourself and have no public, than to write for the public and have no self.” - Cyril Connolly
Simplest explaination are often the best.
Outer Score Cards don’t matter. Inner Score cards count.
Kiss all frog and expand surface area of Serendipity
Anscombe’s Quartet : Four sets of numbers that look identical on paper (mean average, variance, correlation, etc.) but look completely different when graphed. Describes a situation where exact calculations don’t offer a good representation of how the world works.
Morgan Housel • 100 Little Ideas
“This is why Elon focuses so much for first principals is just because Myspace for example didn't reach Facebook levels to scale didn't mean that Facebook wouldn't be able to. If you're ruthlessly open minded, you have to be consciously willing to re-examine your assumptions. To do that, you have to try to figure out a way to not get emotionally
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