A little wisdom
The Idea in Brief How many of us struggle harder every day to uphold obligations to our bosses, families, and communities—even as the quality of our lives erodes? And how many of us feel too overwhelmed to examine the causes of this dilemma? For most people, it takes a crisis—illness, divorce, death of a loved one, business failure—before we’ll refocus our commitments of money, time, and energy on what really matters to us. Do Your Commitments Match Your Convictions?
For obvious reasons, it's entirely appropriate that a book entitled The Underachiever's Manifesto never really became a huge seller. Written by an American doctor named Ray Bennett – not the kind of doctor whom I'd necessarily want if I had a life-threatening illness – it vanished soon after its debut, in 2006. Now, though, its publishers have finally got it together to release it as an ebook in Britain, so you can download it. I mean, if you like. This column will change your life: underachieving | Life and style
Class 4 Notes Essay Peter Thiel’s CS183: Startup - Class 4 Notes Essay Here is an essay version of my class notes from Class 4 of CS183: Startup. Errors and omissions are my own.
Jonah Lehrer on Decision-Making
When he wasn’t busy writing some of the most critically lauded and enduring novels of the 20th Century, The Great Gatsby author F. Scott Fitzgerald could often be found penning the most fascinating of letters to such famous characters as his good friend, Ernest Hemingway; editor extraordinaire, Maxwell Perkins; and his wife and fellow author, Zelda—to name but a few. However, no letters are more revealing, or indeed endearing, than those written to his daughter, Scottie, many of which see him imparting wisdom in a way only he could. Things to worry about
I’m going to play a minor trick on you today because the subject of my talk is the art of stock picking as a subdivision of the art of worldly wisdom. That enables me to start talking about worldly wisdom—a much broader topic that interests me because I think all too little of it is delivered by modern educational systems, at least in an effective way. And therefore, the talk is sort of along the lines that some behaviorist psychologists call Grandma’s rule after the wisdom of Grandma when she said that you have to eat the carrots before you get the dessert. Charles Munger: A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business
In the smart restaurant of a very smart hotel in the West End of London, Roy F Baumeister, eminent American social psychology professor, orders a lunch of fish and chips, and then decides not to eat the chips. "I won't eat something that's not good for me unless it's absolutely perfect, and it's going to give me real pleasure," he says. "I'm afraid ... Well, it just didn't look like these were going to do either." Why willpower matters – and how to get it | Life and style
Why Leaders Don't Learn from Success The Idea in Brief Virtually all leaders recognize the need to learn from failures, but amazingly few try to understand the true causes of their firms’ successes, which helps explain why great companies fall into decline. The reality is, success can breed failure by hindering learning at both individual and organizational levels, in three interrelated ways: 1.
Why Do Some People Learn Faster? | Wired Science The physicist Niels Bohr once defined an expert as “a person who has made all the mistakes that can be made in a very narrow field.” Bohr’s quip summarizes one of the essential lessons of learning, which is that people learn how to get it right by getting it wrong again and again. Education isn’t magic. Education is the wisdom wrung from failure.
Art of Contrary Thinking - University of Nebraska Press
How to Influence People by Dale Carnegie
Of course the math is simple- if you want to build wealth, there are only two main ingredients. 1) Make more money than you spend, and save the difference. 2) Get a decent rate of return on your savings. Most of this blog focuses on step 2. For step 1 which I touch on only from time to time, I largely avoid the topic of income, as that’s something that is closely tied to one’s profession. Building Wealth- Income and Expenditure
Mind & Brain::Mind Matters::April 12, 2011:: ::Email::Print It's a skill, we are learning, that profoundly shapes lives. How does it work? Where does it come from? How Self Control Works
Word of the Day: Disconfirmation Bias
1. FAULTY CAUSE: (post hoc ergo propter hoc) mistakes correlation or association for causation, by assuming that because one thing follows another it was caused by the other. example: A black cat crossed Babbs' path yesterday and, sure enough, she was involved in an automobile accident later that same afternoon. example: The introduction of sex education courses at the high school level has resulted in increased promiscuity among teens. A recent study revealed that the number of reported cases of STDs (sexually transmitted diseases) was significantly higher for high schools that offered courses in sex education than for high schools that did not. 2. Fallacy List
Making a public commitment to your goals reduces motivation. Search around for advice on how to commit to a goal and one commandment comes up again and again. Apparently you should make your goals public and this will increase your commitment to them. In theory when you tell your friends that you intend to, say, dig over the garden, or quit smoking, or take up carpentry, it should increase your accountability. Why You Should Keep Your Goals Secret
Wisdom , Thought processes
Some years ago, the economist George Akerlof found himself faced with a simple task: mailing a box of clothes from India, where he was living, to the United States. The clothes belonged to his friend and colleague Joseph Stiglitz, who had left them behind when visiting, so Akerlof was eager to send the box off. But there was a problem. The combination of Indian bureaucracy and what Akerlof called “my own ineptitude in such matters” meant that doing so was going to be a hassle—indeed, he estimated that it would take an entire workday. So he put off dealing with it, week after week. This went on for more than eight months, and it was only shortly before Akerlof himself returned home that he managed to solve his problem: another friend happened to be sending some things back to the U.S., and Akerlof was able to add Stiglitz’s clothes to the shipment. What we can learn from procrastination
In July of 1931, author and philosopher Will Durant wrote to a number of notable figures and asked, essentially, "What is the meaning of life?" His letter concluded: . It can, and should, be read below. Dear DurantYou ask me, in brief, what satisfaction I get out of life, and why I go on working. On the Meaning of Life
Self-Image Is The Key To Success In Business And In Life “There are no limitations to the mind except those we acknowledge."--Napoleon Hill It has been conclusively demonstrated that individuals who expect to succeed at a given venture are more likely to do so than those who expect to fail.
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