Mental Models, Chow Yong Han, Page 4

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

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

Social media enables divided people to meet each other

I thought Twitter was driving us apart, but I’m slowly starting to think half of you always hated the other half but never knew it until Twitter. Michael Arrington, Founder of TechCrunch...

August 2, 2020| Life, Yin Yang Read More

Investing strategies need to evolve

(Excerpt from Keep Running! By Morgan Housel) In his book Investing, Robert Hagstrom wrote about strategies that once worked but eventually withered: In the 1930s and 1940s, the discount-to-hard-book-value strategy...

July 31, 2020| Adaptability, Investing, Map Is Not Territory Read More

Minimise our dumb tax to become richer

(Excerpt from The Road Less Stupid by Keith Cunningham) How much money would you have right now if I gave you the ability to unwind any three financial decisions you have ever made? Write that number down . . ....

May 10, 2020| Inversion, Via Negativa Read More

Survival is an underrated factor in success

(Extracted from Timing, Luck, and Surviving by AVC) If you stick around long enough, you can often catch a lucky break. But that lucky break can’t come for you if you didn’t figure out how to stick around long...

April 29, 2020| Lindy Effect Read More

Planck’s Principle: Science progresses one funeral at a time

(Extracted from Scientific Autobiography by Max Planck) A new scientific truth does not triumph by convincing its opponents and making them see the light, but rather because its opponents eventually die and a new...

April 21, 2020| Ego, Resistance Read More

Insurance is an inverse freemium model

(Extracted from Business Model Generation by Alexander Osterwalder and Yves Pigneur) In the freemium model a small base of customers paying for a premium service subsidizes a large base of non-paying customers. The...

April 15, 2020| Inversion, Strategy Read More