chowyonghan Author

We alter information to fit our beliefs

(Excerpt from Thinking In Bets by Annie Duke) Truthseeking, the desire to know the truth regardless of whether the truth aligns with the beliefs we currently hold, is not naturally supported by the way we process...

August 16, 2020| Ego, Overconfidence Bias Read More

Making a life choice is a bet on a future version of us

(Excerpt from Thinking In Bets by Annie Duke) In most of our decisions, we are not betting against another person. Rather, we are betting against all the future versions of ourselves that we are not choosing. …...

August 16, 2020| Life, Luck, Optionality, Path Dependence, Randomness, Success Read More

Value investors should adapt and invest in tech stocks but there’s a bubble brewing now

“Value investors are making an epic 34.7% short bet against the technology sector.“ The underperformance of value investing could simply be attributed to the absence of tech stocks in the portfolio. No...

August 15, 2020| CYH Read More

Be adaptable like water

You must be shapeless, formless, like water. When you pour water in a cup, it becomes the cup. When you pour water in a bottle, it becomes the bottle. When you pour water in a teapot, it becomes the teapot. Water can...

August 14, 2020| Adaptability, Ego, Learning Read More

Know when your maps are not useful

(Excerpt from The Great Mental Models Volume 1: General Thinking Concepts by Shane Parrish) But what physicists do so well, and most of us do so poorly, is that they carefully delimit what Newtonian and Einsteinian...

August 11, 2020| Circle of Competence, Fallibility, Map Is Not Territory, Structure drives behaviour Read More

Maps need updating

(Excerpt from The Great Mental Models Volume 1: General Thinking Concepts by Shane Parrish) We create static rules or policies that deal with the map but forget that we exist in a constantly changing world. When we...

August 11, 2020| Fallibility, Map Is Not Territory, Structure drives behaviour Read More

News are abstractions of reality

(Excerpt from The Great Mental Models Volume 1: General Thinking Concepts by Shane Parrish) The truth is, the only way we can navigate the complexity of reality is through some sort of abstraction. When we read the...

August 11, 2020| Map Is Not Territory Read More

The three largest sample sizes

Every statistician knows that a large, relevant sample size is their best friend. What are the three largest, most relevant sample sizes for identifying universal principles? Bucket number one is inorganic systems,...

August 11, 2020| Selection Bias Read More

Do something for love and something for money

(Excerpt from How do you do what you love and make money by Derek Sivers) First: balance. You’ve heard about balancing heart and mind, or right-brain left-brain, or whatever you want to call it. We all have a need for...

August 10, 2020| Life, Yin Yang Read More

A good decision may be about avoiding the need to solve problems later

(Excerpt from The Great Mental Models Volume 1: General Thinking Concepts by Shane Parrish) Peter Bevelin, put it best: “I don’t want to be a great problem solver. I want to avoid problems—prevent them...

August 9, 2020| Via Negativa Read More

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