Chapter 4 - Deepstash
Chapter 4

Chapter 4

Play to win instead of playing not to lose. There’s a huge difference between the mindset of a winner and the mindset of a person who just doesn’t want to stay behind. Don’t be afraid to follow an unconventional approach to achieve your goals.

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dd71

“The best thing a human being can do is to help another human being know more.” — Charlie Munger

Our brain doesn't recognise between imagination and reality, so thinking big could be manifest into real life.

Similar ideas to Chapter 4

Scarcity vs abundance oriented

We view the world in one of two ways:

  • Scarcity-minded approach: My win will make someone else lose. The scarcity mindset plays an important role when we have to fight for our survival.
  • Abundance-oriented approach: There is room for everybody to grow.

Tips for encouraging a growth mindset (in yourself and in others):

  • Don’t praise ability or intelligence: That promotes a fixed mindset. Compliment effort, process and choices.
  • Don’t ignore outcome, tie it to effort: You can be happy about success, but attribute it to effort.
  • Respond positively to failure: Failure isn’t b...

Exercises - pt 2.1

"Some things are in our control and others not." - Epictetus

In today's world, it's easy to start comparing ourselves to others or care extensively about their opinions. The Stoics recommend focusing on yourself and on what you can do. Let's look at an example of the commonly-known dichotom...

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