Path Dependence
Tag Archive
(Excerpt from Thinking In Bets by Annie Duke) In most of our decisions, we are not betting against another person. Rather, we are betting against all the future versions of ourselves that we are not choosing. …...
August 16, 2020|
Life, Luck, Optionality, Path Dependence, Randomness, Success
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(Extracted from Whatever It Takes by Stephen Schwarzman) Every entrepreneur knows the feeling: that moment of despair when the only thing you are aware of is the giant gap between where you find yourself and the life...
November 9, 2019|
Execution, Path Dependence
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(Extracted from Bloomberg on Bloomberg) Don’t devise a Five-Year Plan or a Great Leap Forward. Central planning didn’t work for Stalin or Mao, and it won’t work for an entrepreneur either. Slavishly follow a...
October 3, 2019|
Execution, Life, Optionality, Path Dependence
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(Extracted from Fooled by Randomness by Nassim Taleb) The arrangement of the letters on a typewriter is an example of the success of the least deserving method. For our typewriters have the order of the letters on...
September 15, 2019|
Path Dependence, Structure drives behaviour
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