Sublime
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Compounding Exponential Growth
via How People Think
Evolution’s superpower is not just selecting favorable traits. That part is so tedious, and if it’s all you focus on you’ll be skeptical and confused. Most species’ change in any millennia is so trivial it’s unnoticeable.
The real magic of evolution is that it’s been selecting traits for 3.8 billion
TPC
J SADLER • 1 card
The strong tendency of employees to rationalize bad conduct in order to get rewards requires many antidotes in addition to the good cash control promoted by Patterson.
Charles T. Munger • Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger
Compounding doesn’t rely on earning big returns. Merely good returns sustained uninterrupted for the longest period of time—especially in times of chaos and havoc—will always win.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Backend Engineering
Israel • 2 cards
Chamath on the importance of slow compounding:
“The faster you build it, that is the half life: it will get destroyed in the same amount of time.”
Things tend to come and go, tip to one side and then the other, tide out and back in, grow and then rot, get created and destroyed, at the same speed.