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Preserving optionality means avoiding limiting choices or dependencies. It means staying open to opportunities and always having a backup plan.
The more options we have, the bet...
We are faced with options all the time, but life-altering ones often come up during times of great change. These options are the ones we have the hardest time capitalizing on.
If we’ve specializ...
When times are hard is when many investors make their fortunes and when entrepreneurs innovate. They have to see the opportunity in chaos.
This is also known as the coach’s dilemma.
Over-specializing in one area is highly limiting, especially if it requires extensive upkeep. Like a football player, we can retain optionality by avoi...
It happens when we make small, rational decisions that end up removing options over time.
Small decisions can lead to bad outcomes. At some point, alternatives disappear, thus we lose our...
Optionality can be a matter of perspective.
Preserving optionality means changing our attitudes as our circumstances, but also learning to spot opportunities (and to make them).
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Time measurement seems so crucial that athletes forget what to do without any measurement of time.
Running an interval without any clock makes you keep in touch with your internal feelings an...
Disruption and a skewing of your personal space is a way to challenge your comfort zone and grow towards becoming a seasoned athlete who can perform in unfamiliar territory.
Every race is a search for your individual limits. In an interval workout, the coach tells you exactly how many repetitions to do, and then you stop. The limit is imposed externally.
For athletes to run to their maximum potential in races, they are the ones that should decide how many repetitions they needed to do in order to reach exhaustion.
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New research on the accuracy of future predictions by people has some interesting findings:
Past experience, which many experts think helps them to better understand the world, surprisingly does not improve the ability to predict the future. The research data showed accuracy levels of the younger generation (25 to 35 years of age) being the highest.
Old people are slower to comprehend change, faster to believe and share fake news and less likely to be objective.
Working with an open mind, ready to dive into unfamiliar territory and learning new things, makes the entire exercise stress-free and rewarding experience. This state of mind, along with basic humility makes for better performance. One’s arrogance, ego and past can negatively affect the prediction quality.
A humble attitude also makes people listen to others opinions and share their own unique insights, helping collaboration and constructive teamwork.
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What’s more important than how much data you have is how it frames the way you think.
Some leader when they're under pressure to appear decisive, approach complex situa...
He wondered how he could predict the probability of a future event if he only knew how many times it had occurred, or not, in the past. Bayes figured out that even when it comes to uncertain outcomes, we can update our knowledge by incorporating new, relevant information as it becomes available.
His theorem describes the probability of an event, based on prior knowledge of conditions that might be related to the event.
Data can be imperfect, incomplete, or uncertain. Most of the time, there is more than one explanation for why things happened the way they did; by examining those alternative explanations using probability, you can gain a better understanding of causality and what is really going on.
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