A few other useful and overlooked skills:
- Calibrating how much you want something to be true affects how true you think it is.
- Believing something is true increases its perceived truth. This applies to investing, where big bonuses lead to overconfidence.
- With huge rewards, the mind is occupied with the reward, not strategy or reason.
- People spend more time researching a washing machine than an investment. Rewards require added skepticism.
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Content Curator | Absurdist | Amateur Gamer | Failed musician | Successful pessimist | Pianist |
The article outlines essential but often overlooked skills such as accepting hassle, recognizing biases, respectfully disagreeing, engaging in diverse conversations, concise communication, diplomatically saying "No," and balancing luck and risk.
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