Nassim Nicholas Taleb created the term Ludic Fallacy to describe how people mistake the kind of uncertainty found in games to the kind of uncertainty found in real life. Here’s how you can avoid the Ludic Fallacy and make better decisions around risk…
Read MoreFear. It destroys your endeavors far more effectively than failure ever could because it stops you from starting in the first place. The other side of fear is preparation. The amount of fear you feel about something is inversely correlated to how prepared you are for that event to occur. The more prepared you are, the less you have to fear.
Read MoreIt was a surreal experience attending Charlie Munger’s talk at the Daily Journal Corp’s annual shareholder meeting in Los Angeles. Here’s my summary of his address in bullet-point form. Enjoy!
Read MoreThe world needs more selfish people. I’m not talking about rude, egotistical maniacs. I’m talking about the kind of selfish people who take care of themselves before they take care of other people. Because as the saying goes, you can’t pour from an empty cup.
Read MoreJealousy is destructive. It’s the root of bad investments, of FOMO (fear of missing out), and, as Munger points out, there’s no upside – only pain. The good news is that there’s a relatively easy way you can use to get rid of this feeling. And once you make this mental trick a permanent practice, you’ll never feel jealous again.
Read MoreI recently wrote a Twitter thread on 20 thoughts to end my 20s. This article is that thread in article form. If you want to see the original thread, you can find it here. Inspiration: Charlie Munger, Naval Ravikant, Warren Buffett, Nassim Nicholas Taleb, Peter Kaufman. 1. Gratitude is a superpower. If you can be grateful for the things you have, opportunities will find you. Authentic gratitude can change your life […]
Read MoreCommercials have a long history of using well known television characters (and the actors who play them) in their spots to leverage authority bias. I recently saw a Dell commercial using Jim Parsons in character as Sheldon Cooper from the hit show, The Big Bang Theory, to try and sell computers. It’s an effective technique […]
Read MoreHow you look and what you wear to a job interview is probably more important than your actual qualifications for the job. Most of us don’t want to believe that. We’ll kick and scream and rally against the machine, but the fact remains: we like people who look good […]
Read MoreI once played a game with a colleague that he didn’t know he was playing. He and I were standing across from one another and chatting when I happened to notice that we both had our arms crossed. I realized there was a pretty good chance that if I uncrossed my arms, he would do the same and uncross his. I put my theory to the test and uncrossed my arms. Moments later, he followed my action and uncrossed his arms. Ah, the power of social proof […]
Read MoreIt took me 10-years to break a personal bad habit. Five years of knowing I wanted to stop, and another five years of actually trying to stop before I beat it. How many bad habits have you been able to shake? Probably less than you’d like, if any at all. That’s the power of commitment and consistency bias. We are creatures of habit, for better or for worse […]
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