Mental Models, Chow Yong Han, Page 9

Losing $1 for most expirations and making $10 more than 9.1% of the time

(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 Read More

You eat according to how the buffet is organised

(Extracted from Barking Up the Wrong Tree by Eric Barker) If you go to a buffet and the buffet is organized in one way, you will eat one thing. If it’s organized in a different way, you’ll eat different things....

September 20, 2019| Structure drives behaviour Read More

Seek negative feedback

(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 Read More

Overconfident people are more dangerous than incompetent people

(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 Read More

Connect through your superfriends

(Extracted from Barking Up the Wrong Tree by Eric Barker) … there’s an 80/20 rule of sorts in networking. You probably met the vast majority of your friends through a handful of “superfriends”—the...

September 20, 2019| Life, Nonlinearity Read More

Tech founders with extreme strength and serious flaws are often the outliers

(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 Read More

Commitment is choice of focus

(Extracted from The Subtle Art of Not Giving a F*ck by Mark Manson) But while investing deeply in one person, one place, one job, one activity might deny us the breadth of experience we’d like, pursuing a breadth...

September 19, 2019| Focus, Life Read More

Our identity is formed by what we reject

(Excerpt from The Subtle Art of Not Giving a F*ck by Mark Manson) The point is this: we all must give a fuck about something, in order to value something. And to value something, we must reject what is not that...

September 19, 2019| Life, Via Negativa Read More

It is more likely you screwed up instead of everyone else screwed up

(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 Read More

Be less wrong

(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 Read More