Learn more about moneyandinvestments with this collection
Conducting market research
Analyzing data to make informed decisions
Developing a product roadmap
Reversion to the mean
It occurs when people persuasive enough to make something grow don’t have the type of personality that allows them to stop before pushing too far (see all the dictators in history).
Reversion to the mean is one of the most common stories in history. Part of the reason it happens is because the same personality traits that push people to the top also increase the odds of pushing them over the edge.
649
2.37K reads
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Progress and setbacks
There are lots of overnight tragedies. There are rarely overnight miracles.
Progress happens too slowly for people to notice; setbacks happen too fast for people to ignore. Growth means compounding and that always takes time. Destruction is driven by single points ...
832
2.18K reads
History lessons
The most important lessons from history are the takeaways that are so broad they can apply to other fields, other historical times, and other people.
The point is that the more specific a lesson of history is, the less relevant it becomes.
652
3.28K reads
Adopting new views
One of the interesting parts of the Great Depressions from history is not just how the economy collapsed, but how quickly and dramatically people’s views changed when it did.
People suffering from immediate, unexpected adversity are likely to adopt views they previously thought abs...
743
2.89K reads
Unsustainable things can sustain for a long time
Yes, decisions should be made with facts. But in reality, to those directly involved, they’re made with contextualized facts (with things like social signaling, time horizon, office politics, government politics, year-end bonus targets, making up for past mistakes, insecurities, etc).
The ...
648
2.03K reads
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The Great Man Theory
The Great Man Theory suggests that there are people who are naturally born with certain qualities that allows them to rise to the top, meaning they reach positions that have priority and power.
According to this theory, great leaders are heroes because they accomplish gre...
You Control Your Happiness
Your personality traits make a big difference in how you deal with the challenges of life. The happiest people tend to have several traits in common. They:
- are comfortable with themselves
- are open to change
- live...
The survivorship bias
While success stories are motivating, they could lead to a false belief that success is more controllable and predictable than it is.
- The common traits of successful people and organisations are ubiquitous. These same traits may be equally present in the less success...
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