9. Passion - Deepstash
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9. Passion

9. Passion

Follow your passion even if you have to do away with part of your income for that

365

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7. It is not what you say, but how you say, that's important.

99% Fat-Free product seems more healthy than a product with 1% Fat.

417

4.23K reads

6. Compounding

6. Compounding

When it comes to compounding, don't trust your intuition - you have no idea how powerful it is.

355

4.08K reads

10. Averages

10. Averages

Whenever you are dealing with averages, be careful of the distribution behind them.

A Bill Gates monthly income in a group of 50 ordinary citizens can give an extremely misleading average.

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4.09K reads

5. Loss Aversion

5. Loss Aversion

The fear of losing something motivates people more than the prospect of gaining something of equal value.

435

4.36K reads

1. Hard Work

1. Hard Work

Never underestimate the hard work and lower probability of success, just because we are shown more successful people than many more actual failures.

It does not mean, in any way, that you should not dream big. It just says that don't get overawed by the number of success stories you read an...

411

6.31K reads

 3. Speak your mind

3. Speak your mind

If you ever find yourself in a tight unanimous group, you must speak your mind, even if your team does not like it, and even if it means risking expulsion from the warm nest.

And if you lead a group, appoint someone as devil's advocate.

He or she will not be the most popular member of...

390

4.62K reads

407

4.08K reads

2. Confirmation bias is the mother of all misconceptions.

2. Confirmation bias is the mother of all misconceptions.

It is a tendency to interpret new information so that it becomes compatible with our existing theories.

Warren Buffet has seen people losing money with this because they ignore facts that contradict the theory in the mind of the investor.

Disconfirming evidence must be sought out to b...

381

5.63K reads

4. Induction

4. Induction

Send an email to 10,000 people with the stock market predictions by dividing them into 2 groups - telling reverse prediction to each group. Prediction for one of the groups will come true.

Send a new prediction to the 5,000 whom you predicted correctly earlier - again after dividing them in...

388

4.07K reads

CURATED FROM

CURATED BY

ashish7

Dreamer ☀️

10 Powerful Lessons of the book “The Art of Thinking Clearly”

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“Follow your passion” might be bad advice

“Follow your passion” might be bad advice

  • “Follow your passion” is frustratingly meaningless if, like many people, you don’t have a passion to follow.

  • We don’t have much evidence that matching your job to a pre-existing interest makes you more likely to find that work satisfying.

Hobby vs. Profitable Passion

If you want to contribute your passion to society and make an income from it, you need to get realistic about whether this could actually turn into a career—and what you would need to do to make that happen. 

Be alert to who might need your newly emerging passion, and aim to...

Passion

The best leaders exhibit boundless energy and passion for what they do.

As long as you are passionate about what you do, it'll shine through and people will follow.

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