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Understanding the importance of constructive criticism
How to receive constructive criticism positively
How to use constructive criticism to improve performance
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Historical discounting
There are timeless truths that you can learn from history. But some truths can become outdated.
Things change, and you should pay the most attention to your modern world. The recent past is then the most relevant.
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Enjoyment bias
The enjoyment bias states that an inefficient investing strategy that you enjoy will beat an efficient one that feels like work.
The key to a lot of things in finance is maintaining endurance when there is a downturn. Loving the companies you buy or your strategies is a bias because...
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199 reads
Reasonable ignorance
This bias is intentionally limiting your diligence to avoid decision paralysis since everything is more complicated if you dig deep enough.
At some point, decisions have to be made, which means you won't know everything and be okay with that.
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Not all biases are bad
We can become side-tracked if we are too preoccupied with mental errors.
Some biases are underappreciated but can be lifesavers.
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347 reads
Allergic to nonsense bias
When you are confronted with financial salesmanship, you are able to spot and avoid nonsense. Nonsense can be anything from overconfident projections to accounting gymnastics to fraud.
What is common is a belief that the level of nonsense in a proposition should be proportionate to its mar...
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Children were mostly "ignored"
For most of human history, children were largely ignored until they were old enough to begin contributing to the survival of household or tribe. It is only in our modern society that children have become the center of attention from day one.
Parenting books promise that there ...
Carter vs. Ford
The most important lesson that one can learn from this debate refers to the fact that you should pay extra attention when making statements during a public debate. The consequences can be quite disturbing, even after some good years.
NOW GO GET AT IT
This is not some bullshit idea that I’m talking about for my own benefit. This understanding has a timeless clarity that has been present for you to reconnect with throughout the duration of your adult life — all it requires from you now is a little focus to reawaken.
“We cannot change our ...
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