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The Matthew effect
Matthew principle, or Matthew effect of accumulated advantage can be observed in many aspects of life and fields of activity. It is sometimes summarized by the adage "the rich get richer and the poor get poorer".The concept is applicable to matters of fame or status, but may also be applied literally to the cumulative advantage of economic capital.
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Dunning-Kruger effect
The Dunning-Kruger effect is a strange phenomenon that makes unskilled or uneducated people overestimate their abilities. Incompetent people can't know they're incompetent because their incompetence is the very thing that robs them of the ability to realize how incompetent they are.
it’s th...
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Groundhog Day Syndrome
Groundhog Day Syndrome is the feeling that you're reliving the same day over and over again. Nothing has changed, and it seems as though you're doing an identical routine every single day and week
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The Law of Reversibility
The Law of Reversibility says that “If you feel a certain way, you will act in a manner consistent with that feeling.”But if you act in a manner consistent with that feeling, even if you don’t feel it, the Law of Reversibility will create the feeling that is consistent with your actions.
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The Peter Principle
The Peter Principle is a concept in management theory in which the selection of a candidate for a position is based on the candidate’s performance in their current role, rather than on abilities related to the intended role. Thus, In time, every post tends to be occupied by an employee who is inc...
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Owning Stocks Is Misunderstood
Here’s what is missed about stocks:
- Bubbles — Stock market bubbles can be seen everywhere throughout history.
- Stock printing — Many tech stocks can be created out of thin air and they don’t pay dividends.
- Money printing
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