Everybody knows that they don’t know enough about the world. Where people disagree though, is how much exactly they know. “Maybe I don’t know about rocket science or self-driving cars”, you might say, “but I know enough about the world”. That’s enough for me. It sounds reasonable, but even then, there’s a good chance you […]
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Modern-day debates tend to be incredibly frustrating. If you listen to the language used to assess any debate, you’ll find that there’s always an element of “winning”. The aim, to most people, is thus to have an argument that is better than the opponent’s. Failing which, you present one that sounds better than your opponent’s. […]
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Imagine you’ve just walked into a room. You’re wearing a t-shirt printed with a terrible joke. It’s printed in block letters, so there’s no way people can miss. The colours don’t even go well together. It’s downright embarrassing. A couple of reactions are to be expected. You can’t help but notice that a couple of […]
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No statue has ever been erected in honour of a critic. If you want to win, you have to show up. You have to be the man in the arena.
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Be wary of the ideas you inherit. Some of them are left unquestioned and stick around for so long that they become invisible scripts. These are insidious thoughts that govern your thinking and behaviour without your knowledge. This is how false limitations are imposed on us.
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“All decisions are bets”, says Annie Duke. We’ll make better decisions if we accept that there is a great deal of uncertainty and start thinking in bets.
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Charlie Munger doesn’t seem like a very interesting man. He doesn’t fit the popular narrative of the college drop-out billionaire. Neither has he attempted any moon shots which promise to radically change the world. But his claim to success is unique in its own right: always avoid making stupid decisions.
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