On November 28, 2023, the world lost a mental giant. When he passed, Charlie Munger was a couple of months shy of his 100th birthday. It was a long life, filled with exploration, learning, and wit. Of all the things Munger did in his life, one of his most impactful was passing on wisdom to others.
Mungerisms: Memorable Thoughts and Quotes from a Mental Giant Read More »
Most people are adept at first-order thinking, able to anticipate the immediate effects of their actions. It’s a basic skill we must develop in adolescence. First-order thinking is simple and quick. There are sometimes benefits to speed in decision-making. But it’s immensely limiting, and often counterproductive, to move swiftly without much regard for direction. That’s why we need second-order thinking.
Second-Order Thinking Read More »
In the world of sports, we easily understand that someone has to be in a certain type of shape to compete in a specific event. And we acknowledge that applies to other professional endeavors. But it’s oftentimes overlooked that the same principles also apply to our personal lives.
What are You in Shape For? Read More »
In 2009, Amazon acquired Zappos for roughly $1.2 billion. The story of Zappos’ success is full of hilarity and wonder, but one factor in particular stands out: inversion. Inversion gave Zappos an edge against other retailers by focusing on—and succeeding at—what others weren’t.
How Zappos Capitalized on Inversion Read More »
The quality of our decisions significantly impacts our lives. Good decisions keep us out of trouble while bad decisions mire us in misery. Or at least that’s the common perception. Like most things in life, it’s more complicated than that. Judging the quality of a decision requires more effort than just observing the outcome. Good decisions can yield undesirable outcomes and bad decisions can produce desirable ones. Some factors that we must consider when judging a decision are the amount of information we had at the time of the decision, the quality of that information, the decision making process, likelihoods of certain outcomes, and, of course, luck.
The Decision-Making Process: More Than Just Outcomes Read More »
Learning how to think is one of the most important skills one can develop in this life. Mental models are tools that help you think better.
Mental Models: An Overview of Thinking Tools Read More »