Inversion
“Invert, always invert,” Carl Jacobi said. Don’t just think forward, but also think backward. We follow the herd by default, even in the way we think. To think differently is unnatural and requires cognitive effort. Sometimes a new perspective dramatically emerged by inverting our thinking. But it doesn’t mean we should always be contrarian for the sake of being contrarian.
(Excerpt from Motherf*ckin’ Monday 4 Nov 2019 edition by Mark Manson) Quite simply, nuclear power would save lives. For every nuclear power accident, hundreds of thousands of people die due to fossil fuel-related...
November 11, 2019|
Availability Bias, Inversion, Nonlinearity
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I don’t want to belong to any club that would accept me as one of its members. Max Groucho...
October 23, 2019|
Inversion
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(Extracted from Zero to One by Peter Thiel) You’ve probably heard about “first mover advantage”: if you’re the first entrant into a market, you can capture significant market share while competitors...
September 21, 2019|
Inversion, Strategy
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(Extracted from Fooled by Randomness by Nassim Taleb) There is another type of satisfaction provided by the option seller. It is the steady return and the steady feeling of reward—what psychologists call flow. It...
September 20, 2019|
Inversion, Investing, Nonlinearity
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(Excerpt from Barking Up the Wrong Tree by Eric Barker) Another study, titled “Tell Me What I Did Wrong,” showed that a shift takes place when people are on the path to expertise. Novices seek and need positive...
September 20, 2019|
Inversion, Life, Via Negativa
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(Excerpt from Barking Up the Wrong Tree by Eric Barker) Incompetence is a problem that inexperienced people have, and all things being equal, we don’t entrust inexperienced people with all that much power or...
September 20, 2019|
Inversion, Overconfidence Bias, People
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(Excerpt from Barking Up the Wrong Tree by Eric Barker) Marc Andreessen spoke at Stanford, saying: . . . the venture capital business is 100 percent a game of outliers, it is extreme outliers . . . We have this...
September 20, 2019|
Inversion, Tech
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(Extracted from The Subtle Art of Not Giving a F*ck by Mark Manson) …if it’s down to me being screwed up, or everybody else being screwed up, it is far, far, far more likely that I’m the one who’s...
September 19, 2019|
Inversion, Life
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(Excerpt from The Subtle Art of Not Giving a F*ck by Mark Manson) Most of our beliefs are wrong. Or, to be more exact, all beliefs are wrong—some are just less wrong than others. We shouldn’t seek to find the...
September 19, 2019|
Inversion, Life, Via Negativa
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(Extracted from Why Value Investing Works on safalniveshak.com) The fact that the value approach doesn’t work over periods of time is precisely the reason why it continues to work over the long term....
September 18, 2019|
Inversion, Investing
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