Ideas from books, articles & podcasts.
Mathematician John Littlewood explained the presence of miracles through statistics. Littlewood's Law says we can expect a miracle every month. On the flip side, we can expect a disaster also as often.
We're currently experiencing a series of sequencing risk more often than usual, such as a pandemic, floods, earthquakes, and political meltdowns. Next year, a pandemic might have a 1% chance of occurrence, as could floods or political problems. But the idea stands that both bad and good things will happen this year and the years after that. It is not just current problem.
published ideas from this article:
MORE IDEAS FROM THE SAME ARTICLE
Pessimism has its limits. When it comes to investing in your future, you should be an optimist. If people try to get better at solving the recessions, panics, and wars, the long-term odds are in an economy's favor.
For investing, it means that as long as you're moving forw...
If you are aware that 'black swan' events are not so unusual, you can plan if such an event happens. That is the benefit of a high savings rate - it is easier to overcome an unexpected obstacle.
But there are limits. If you lose a house to a wildfire, then you're not relying on short-t...
MORE LIKE THIS
In the corporate world, employees need to communicate effectively for pitching ideas, and even to get one’s point across in meetings.
This is an art in which one has to be intentional and pay a good amount of attention to one’s communication. One cannot be a rambler or ove...
published 10 ideas
❤️ Brainstash Inc.