“First, seek out new ideas and try new things; second, when trying something new, do it on a scale where failure is survivable; third, seek out feedback and learn from your mistakes as you go along.”
TIM HARFORD.
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The 5-hour rule asks us to devote at least one hour a day to learning, experimenting, and reflecting. It’s a trick used by the richest and most successful people in the world.
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It takes practice to get good at anything
Feedback is essential when you learn a new skill. However, when people learn the skill of 'creating new habits,' they think making mistakes is a sign of being a failure and showing an utter lack of discipline.
In reality, this is not true. No one mastered anything on their...
Practice on your own
Once you've learned a new skill, try it out for yourself. You will make mistakes. When you do, review your notes and keep going.
You'll learn the most from your own early errors.
Charlie Munger's Paths to Misery
Charlie Munger, the famous investor, added more paths to Misery to complement Jhonny Carson list:
- Be unreliable. Do not faithfully do what you have engaged to do.
- Learn everything you possibly can from your own personal experience, minimizin...
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