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Paramutal Betting Or “Pool Betting”
This is a mental model that states you want to get things that are higher in quality but lower in investments or money. It states that when you bet on something most people don’t usually think will win your return on investment or ROI is incredibly large
46
493 reads
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Specialization Is Key
This is a strong mental model to have especially if you are going into a field that is already well established
When you specialize you give people a reason to want to follow you or buy from your business. Specialization can help you gain more customers
50
439 reads
Opportunity Cost
The main definition of opportunity cost is that every decision you make there is a trade off to it
Not all trade offs are equal though so throughout your day you need to examine the trade offs you are making and figure out whether they work or not
53
603 reads
Follow Me For Part 3
Follow me if you want a part 3 and figure out a key way that you can build trust with anyone
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400 reads
The Superpower Of Incentives
Incentives are one of the strongest influences in humankind
Incentives help push workers to be more productive but you need to be careful because of the over justification effect
47
404 reads
Margin Of Safety and Trus
Don’t go into business or marry someone you cannot trust that is a recipe for disaster
When you say you trust someone then you need to show it by your actions as well that is important
49
412 reads
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Part 2 as I promised the Incentives mental model was especially interesting
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MORE LIKE THIS
Risks of Ignoring The Opportunity Cost
It's easy to overlook the cost of hypothetical opportunities. But if neglected, opportunity costs will negatively impact your life, career, and relationships.
- Working on autopilot means you put in the hours and get paid, but you end up with nothing: no important know...
Forming the habits of an investor
Investors put their money to work. They know that the money they set aside today sets them up for financial freedom.
- An investor puts any excess money towards investments that will earn more capital.
- They value learning new skills and think of ways to use it...
A/B Testing: Definition & How it Works
A/B testing is used to find the best marketing strategies. It is be used to test everything from website copy to sales emails. This allows you to find the best-performing version of your campaign before spending your entire budget on one that don’t work.
While A/B testing is time-consuming...
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