Principles
Vicariously is a terrible way to live
Texas Sharpshooter Fallacy: Goals set retroactively after an activity, like shooting a blank wall and then drawing a bullseye around the holes you left, or picking a benchmark after you’ve invested
Morgan Housel • 100 Little Ideas
Fast iteration can make up for a lot; it’s usually ok to be wrong if you iterate quickly. Plans should be measured in decades, execution should be measured in weeks.
I am more than happy to watch people get rich in a game I don’t want to play
A great lil story from the book Art & Fear by David Bayles and Ted Orland:
The ceramics teacher announced on opening day that he was dividing the class into two groups. All those on the left side of the studio, he said, would be graded solely on the quantity of work they produced, all those on the right solely on its quality.
His procedure w
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If you can’t state that the opposing view on an issue as least as well as the people
supporting it, you’re not entitled to your own view
The worst hand in poker is the second best hand. It gives you all the incentives to bet, but none of the odds are in your favor