(Excerpt from Crony Beliefs by Kevin Simler) I contend that the best way to understand all the crazy beliefs out there — aliens, conspiracies, and all the rest — is to analyze them as crony beliefs. Beliefs that...
January 1, 2021|
Map Is Not Territory, Structure drives behaviour
(Excerpt from The Great Mental Models Volume 1: General Thinking Concepts by Shane Parrish) The truth is, the only way we can navigate the complexity of reality is through some sort of abstraction. When we read the...
August 11, 2020|
Map Is Not Territory
(Excerpt from Keep Running! By Morgan Housel) In his book Investing, Robert Hagstrom wrote about strategies that once worked but eventually withered: In the 1930s and 1940s, the discount-to-hard-book-value strategy...
July 31, 2020|
Adaptability, Investing, Map Is Not Territory