“Mimicking the herd invites regression to the mean.”
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"A good idea should be like a girl's skirt; long enough to cover the subject and short enough to create interest."
Charles Thomas Munger (Age-99) (born January 1, 1924) is an American businessman, investor, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his closest partner.
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We expect information to come to us, rather than proactively seeking it out.
Our news email means we don't have to search it out. Our event invites mean we don't have to look into what's happening. While it is convenient, we are conditioned to become lazier.
We often feel anecdotes from people we know more persuasive than scientific evidence. This is because we don’t understand statistics well.
3 key concepts we must always remember:
Make sure you're saying yes to the right invites that mean you get to spend time with those you care about, or on things you care about and goals that are important to you.
Learn to say a polite "No, thank you" to invitations that don't fit this bil...
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