Deepstash brings you key ideas from the most inspiring articles like this one:
Read more efficiently
Save what inspires you
Save all ideas
Most of us have heard stories of hardships and catastrophic events of the past, like the great depression, or the dot-com bust, but haven’t lived through it, and not experienced the real pain of th...
In the world of investing, having gone through a traumatic experience first-hand makes the difference between a cautious investor and a blind one. The scarred investor cannot think in the way the f...
Different generations have different investment risk appetites, with the younger generation wanting to take bigger risks and going into uncharted waters without any experience.
The New Gener...
Each of us has a mental world in our minds, constructed by our thoughts, beliefs, education, and experiences. We have developed a coherent story around our chaotic and unpredictable world, and that...
People can be influenced by lived experiences and this has the capacity to guide their future decisions, as opposed to merely learning about something.
Example: If we hear about a young g...
When we hear different perspectives, stories and experiences, we temporarily get out of our ‘mental model’ and become humbled, as we realize that our worldview was just a tiny fraction of all the o...
SIMILAR ARTICLES & IDEAS:
History is a treasure-house of learning, and as many books teaching us lessons from history point out, what was true in the medieval ages is often true even now, though the circumstances, technolog...
“History never repeats itself, but man always does.”
1920 is a hundred years apart from 2020, yet how people think is largely unchanged. Human behaviour is still hinged on greed, fear, opportunity, scarcity, and basic instincts.
We have no idea what will happen in the future, but we do have a good idea about how human beings might behave in certain situations.
6 more ideas
Facts decay over time. And the time it takes to disprove or replace half of it can be predicted.
Data in medicine become half as relevant in 2-3 years. For exact sciences, 2-4 years.
If we want our knowledge to compound, we’ll need to focus on the invariant general principles.
Half-lives show us that if we spend time learning something that changes quickly, we might be wasting our time.
It cannot be acquired by pleasurable experiences but only by identifying and realizing our own potential, moral and creative, in our specific environments, with our particular family, friends and colleagues, and helping others to do so.