Do Your Commitments Match Your Convictions? The Idea in Brief.
This column will change your life: underachieving. 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. Charlie-munger-usc-law-school-commencement-may-2007. Lessons learned? 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. Things to worry about. 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. Charles Munger: A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business. 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. Why willpower matters – and how to get it. 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 ... 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: Why Do Some People Learn Faster? 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. A new study, forthcoming in Psychological Science, and led by Jason Moser at Michigan State University, expands on this important concept. Art of Contrary Thinking - University of Nebraska Press. How to Influence People by Dale Carnegie. Building Wealth- Income and Expenditure. 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. When it comes to step 1, I instead focus a few articles on limiting expenses. This specific post will quickly outline two ways to improve your savings rate. Income One way to boost income is with a second job. For me, that income is currently blogging and writing freelance investing articles. Word of the Day: Disconfirmation Bias. Fallacy List. 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.
Why You Should Keep Your Goals Secret. 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. Wisdom , Thought processes. Sharp Thinking. What we can learn from procrastination. 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. On the Meaning of Life.
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. Self-Image Is The Key To Success In Business And In Life. » Handbook for Life: 52 Tips for Happiness and Productivity. By Leo Babauta This is something I’ve been wanting to write for some time — a Handbook for Life. Now, is there any handbook that can be a guide to every single person? Of course not. This is just a list of tips that I think will help many people in life — some of them common-sense tips that we often forget about. Consider this guide a reminder. 25 Acts of Body Language to Avoid. Our body language exhibits far more information about how we feel than it is possible to articulate verbally. All of the physical gestures we make are subconsciously interpreted by others.
This can work for or against us depending on the kind of body language we use. Some gestures project a very positive message, while others do nothing but set a negative tone. 25 Beautifully Illustrated Thought-Provoking Questions. 50 Life Secrets and Tips. Lisa Chase Parenting Advice: My Father’s Magical Parenting. Last year my mother died, and I became an orphan at 47. Do you make too many decisions? - Farnam Street at Farnam Street. 8 Things Everybody Ought to Know About Concentrating - StumbleUpon. Sarah Kay: How many lives can you live? How to Memorize Anything. Shark Tank & Success & Motivation. Creative Thinking Is a Specific Process That Can Be Replicated. The Harder I Work, The Luckier I Get. I deleted my Facebook account. Today I joined a growing number of dissatisfied former Facebook users by deleting my account. It's Hard to Make Predictions, Especially About the Future. The price of oil will soar to $200 per barrel. The Wisest Entrepreneurs Know How to Preserve Equity.
Practical Tips on Writing a Book from 23 Brilliant Authors. The Blog : How to Meditate. Free Will (And Why You Still Don’t Have It) The Blog : On Spiritual Truths. The Blog : Drugs and the Meaning of Life. Meditation: don't leave home without it. Neuroskeptic.